Gunnar Tomasson   Published in Frettabladid on April 15 by Gunnar Tomasson, economist Inflation depreaciates the real value of money and that is why many find the price-indexation of monetary debt to be an issue of justice. “If you lend ten horses to someone else then you want ten horses back, not seven”, says economist [...]

Prof Krugman, who was awarded the Nobel Prize in economics in 2008, made his remarks during a question and answer session with foreign journalists in New York on Tuesday. He was asked by an Austrian journalist about the possibility of Austria being bankrupted by its banking system’s exposure to eastern Europe. “We’ve seen one advanced [...]

Today the readers of Frettabladid can inform themselves about the tax plans of the Left/Greens. Their representative at an open citizen’s meeting earlier this week has received praise for the blunt statement that taxes must be raised and expenditure by the state lowered. A logically correct assessment if there ever was one in a logical [...]

A delegation from the Manitoba government traveled to Iceland to establish a joint labour agreement that will connect employers with workers. The plan is to find jobs for unemployed Icelanders as temporary foreign workers in the construction industry. The Manitoba Minister of Labour Nancy Allen recently travelled to Iceland to develop procedures for the job [...]

  How did the banks of a country the size of a single London suburb manage to burn through so many billions? And what is being done to recover assets for the creditors of the banks? Only a few months ago many believed that Iceland was just another victim of the global financial crisis. In [...]

At this moment in Icelandic history it makes sense to revisit a question posed by an idol of capitalism, former US president Ronald Reagan during the 1980 presidential debates. What Reagan asked the voters is said to have played a big role in him clinching the election.  “Are you better off than you were four [...]

In March I had the pleasure of meeting Professor Yoshimitsu Onozuka from Doshisha University in Japan for discussions on the economic crisis in Iceland. The professor is especially interested in the crisis in comparison with the Japanese crisis of the nineties. He met with several Icelanders to gather information and just sent me his notes. [...]

  Neoliberal Iceland was run as a secret conspiracy worthy of a James Bond screenplay: it was exchanged for gambling money in a plot involving Russian oligarchs, offshore accounts in the Caribbean, and luxury yachts no less kitschy than your average dictators’ – not to mention Elton John, Tina Turner and Duran Duran entertaining in [...]