After 17 years of David Oddson’s Independent Party, governed by the ideology of Milton Friedman in the worshipping version of local political pet Hannes Holmsteinn Gissurarson, we now have this:
Parliament last night agreed without opposition to place strict restrictions on trade in currency. Icelanders will have a harder time purchasing foreign currencies and Icelandic businesses that make money abroad in foreign currencies are obligated to bring that money home.
So how many businesses can we expect to see moving their head-offices or opening up subsidiaries abroad to get around this? And who will suffer the most because of this law which is effective for two years?
Individuals of course.
So we are proven yet again that the economics of Reagan, Thatcher, Friedman and Hannes Holmsteinn are really about. Not about the individual but all about businesses and preferrably big businesses.
Quelle surprise.
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Einar Jón
3 years ago
Nationalization of the big corporations, currency restrictions…
It’s really strange to see how the “right wing” parties are using the same methods as in the communists did, in the name of free trade and democracy.
…now we just need food/oil rationing and Gulags to become the People’s Republic of Iceland.
drafnsson
3 years ago
Might be sooner than later, now I hear we have rationing on clothes.
Jeremiah
1 year ago
You obviously don’t understand Friedman if you think he would support Parliament placing restrictions on trade in currency.
Dadi
1 year ago
Jeremiah, you obviously don’t get the sarcasm