Free Market
Author:
Philipp Bagus
David Howden
Online Publish Date:
The Free Market 27, no. 8 (August 2009) Icelandic Prime Minister Geir Haarde’s resignation this year marked the fi rst political casualty of the current financial crisis that resulted in the collapse of all major banks, a run on deposits, a stock market drop of 90 percent, empty grocery shelves, plus a severe recession. Many commentators