The little country that could.
When presented with a bad deal by the international community and the banks, Iceland said, “No thanks” and demonstrated the validity of the Austrian view that a short sharp shock is preferable to a long drawn out soft landing.
Meantime Iceland is #winning
On the news of the death of Osama Bin Laden, the Commandant of the Naval Academy has something to say to the Mids.
Snippets of conversations during budget negotiations:
Board Member: Let’s get started. After an absolutely disastrous year, financially, we’re now five months into our fiscal year and you still have not presented us with a budget for this year. Why?
CEO Obama: My staff was waiting until their employment contracts were renewed before we presented a budget.
Board Member: Excuse me?
Could it happen in the US as governments face revenue shortfalls?
I’m sure somewhere Chuck Schumer is taking credit for this.
Money response, re: what Hitchens and Totten see as the coming conflict with Iran:
The existence of theocratic regimes that have illegally acquired weapons of mass destruction, that are war with their own people, that are exporting their violence to neighboring countries, sending death squads as far away as Argentina to kill other people as well as dissident members of their own nationality—the existence of such regimes is incompatible with us. If there is going to be a confrontation, we should pick the time, not them.
People who don’t think twice about brutalizing their fellow countrymen aren’t about to stop what they’re doing because we ask them nicely.