Taxpayers in Europe (and the United States) who have been
terrorized since 2008 by government officials warning about
economic armageddon, catastrophe, and pestilence should look to
tiny Iceland for a taste of how little there is to fear when
the experts can’t save the people. 

In the last few years the small island in the north Atlantic has
managed to shrink its deficit, reduce unemployment, and allow its
economy to grow. Assistant Editor Matthew Feeney examines how those
working in mainland Europe’s institutions and governments could
learn from Iceland’s recent history if they would like to see
similar results. 

View this article.