Let the banks fail

01/30/2013 Mises Wire Mark Thornton

So says the President of Iceland. He also said that the financial sector, even a successful one, is like a parasite on the economy drawing out vital resources for the innovative productive sectors.

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Meet the Writer

Mark Thornton

Mark Thornton is the Peterson-Luddy Chair in Austrian Economics and a Senior Fellow at the Mises Institute. He is the...

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