tweet - 19 April, 2015
Adam Gopnik at The New Yorker:
Iceland got used, in the bad years, to receiving tumid little lectures from outsiders on how such simple people allowed themselves to get caught up in a big, bad world beyond their ken—though the truth is that, while Iceland obviously did silly things with banks, they were the same kind of silly things with banks that the masters of civilization were doing in downtown Manhattan. The big difference was that the Icelanders switched gears faster and got over it sooner and, for good measure, put some of their bankers in jail.