Iceland put bankers in jail rather than bailing them out — and it worked
Iceland put bankers in jail rather than bailing them out — and it worked:
… surprising no one.
“Isn’t home ownership a crucial cog to any healthy economy? Well, as Germany shows—and Gershwin…”
“Isn’t home ownership a crucial cog to any healthy economy? Well, as Germany shows—and Gershwin wrote—it ain’t necessarily so.”
– Most Germans don’t buy their homes, they rent. Here’s why.
Why Germans pay cash for almost everything
Why Germans pay cash for almost everything:
As banks, technology giants and would-be disruptors such as Square scrummage over the payment system of the future, German consumers seem perfectly happy with the payment system of the past. Germany remains one of the most cash-intensive advanced economies on earth. On average, wallets in Germany hold nearly twice as much cash—about $123 worth—as those in…
The German word for debt comes from the root word for guilt. Also, a pretty good discussion of ‘everyone’s favorite hyperinflation’.
Just to be clear, because apparently some folks don’t get it: What’s going on in Cyprus…
Just to be clear, because apparently some folks don’t get it:
What’s going on in Cyprus is incredibly important because, if what Germany wants to happen goes through, it will create a precedent for governmental entities raiding your in…
