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So you'e saying this approach wouldn't have worked? Too bad a larger country didn't try. You're also neglecting the fact that, while Iceland is unique, they had
by tokenizer 14y ago
So you'e saying this approach wouldn't have worked? Too bad a larger country didn't try. You're also neglecting the fact that, while Iceland is unique, they had unique challenges that other nations wouldn't, like importing a lot of stuff.
I'd like to see some explanation as to why this wouldn't work with a larger nation and not simply, because.
- jpatokal 14y agoArgentina (pop. 40m) did, and seemed to get away with it for a while thanks to the commodities boom and dodgy statistics, but after a decade the chickens are coming home to roost.
- InclinedPlane 14y agoIf you are talking about the Argentine economic collapse around the turn of the century then I would suggest that's not the best example. There are some serious horror stories about total loss of civil authority and rule of law there during that period, in addition to the riots bordering on outright revolution.