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My knowledge of this only comes from Michael Lewis' book, Boomerang, but in there he writes that Iceland got wealthy when they figured out how to securitize th
by daveisrising 13y ago
My knowledge of this only comes from Michael Lewis' book, Boomerang, but in there he writes that Iceland got wealthy when they figured out how to securitize their fishing industry. They also starting smelting aluminum.
- panacea 13y ago>They also starting smelting aluminium. An energy intensive exercise made extremely affordable, because of very cheap geothermal energy sources.
- toomuchtodo 13y agoIf you can't export cheap power, bring the industry to you.