Mises Wire

Facebook icon
LinkedIn icon
Twitter icon
Home | Blog | Let the banks fail

Let the banks fail


So says the President of Iceland. He also said that the financial sector, even a successful one, is like a parasite on the economy drawing out vital resources for the innovative productive sectors.

Iceland president: Let banks go bankrupt

Mark Thornton is a Senior Fellow at the Mises Institute and the book review editor of the Quarterly Journal of Austrian Economics. He has authored seven books and is a frequent guest on national radio shows.

Image source:

Add Comment

Shield icon wire