If you live round here it’s where your dreams are made, There’s no beach, no bucket and spade - Morning Glory What does it take to maintain ablog which is read by a few more people than your mother? A bit of time to write, inspiration and a whole lot of enthusiasm for your subject. [...]

I stumbled across this comment from Thorolfur Matthiasson on Paul Krugman’s blog. It explains the current situation in Iceland perfectly: Finally, there are many big unsolved problems that face the government and people of Iceland. First, the Icelandic Krona is not a viable currency in the world of free movement of capital. The Euro seems [...]

Bill Still on Iceland. Comments?

I am glad Jon Danielsson got this so quickly… on Paul Krugman’s misunderstanding of the Icelandic situation: Krugman please  get your facts right. Iceland did not devalue, the currency fell. This is not the kind of capital controls that often can be a sensible policy. These capital controls were imposed  only to lock in carry [...]

The older generation is speaking out. Bloggers like Vilhjalmur Ari Arason have told the younger generations that they are fine with things the way they are. Those who bought their homes long before the boom and still have considerable home equity are alright with not taking a stand on EU membership, or rejecting it altogether. [...]

In the early days of summer I attended the four week course The Crash in an Acedemic Light I at the University of Iceland. As this was a course intended for those seeking their bachelor‘s degrees I will not receive credits towards my masters, but that did not matter. I wanted to listen to the [...]

And a strange thing has happened: although Iceland is generally considered to have experienced the worst financial crisis in history, its punishment has actually been substantially less than that of other nations. Paul Krugman in NY Times

Lack of respect towards normal and healthy ways of doing business within the business sector, especially the banks. Politicians who did not understand or want to confront reality. Special interests over national interests. Just what we have been talking about in the last 18 months. English translations available here. Before writing about the report I [...]

It is a vacuum out there. After a year and a half of turmoil and drama, things are sort of in-between at the moment in Iceland. The national referendum and its underwhelming effects seem to have let a lot of hot air out of the system and left things in limbo for now. Sigmundur David [...]

This month I have taken part in founding a start-up abroad. There are four partners in the firm, two Icelanders and two Finns, one residing in the US. The idea came about in Iceland, but when it came to incorporating there were some serious issues we had to ponder. 1. Currency restrictions and worthless ISK. [...]