It appears that this debate, on which policies get you out of a crisis best, is not going to end anytime soon. A very good piece from the Mises Institute argues that mistakes were made on both sides, but boy oh boy did Iceland get it wrong with its inflationary tactics. Who knew that the euro might have actually instilled some discipline in Ireland that was absent in Iceland?
Dr. Christopher Hartwell is an institutional economist and President of CASE Warsaw. All commentary on this page is exclusively his own and in no way represents the views of CASE, his wife, his dog, or anyone else. Especially not his wife or his dog.