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November’s Book: Deep Freeze

F.A. Hayek.Deep Freeze---a great read.This month as the retail season gets into gear, our staff thought we’d talk economics. Hey, we promise, it won’t be boring.

To kick us off, PD is going back in time a few years with our Book Club pick Deep Freeze: Iceland’s Economic Collapse by Phillipp Bagus and David Howden in order to figure out what really happened there when the Icelandic currency went tits up.

In less than 160 pages, we guarantee you will be bowled over by what you learn and by what was selectively left out of the media’s “It’s the Free Market Death March” narrative at the time. Oh, and when you get to the part about the actions of the Left’s beloved IMF, just try not to roll your eyes.

Extremely well written and resourced, Deep Freeze goes down quick and is a must for anyone still wondering what happened in 2008.What really went down in Iceland?

Whether you have Hayek and Milton Friedman on your bedside table or if you are novice to micro and macroeconomics, there’s lots to love about this book.

Pick up your copy here or from our side margin, and tell us which revelation from Bagus and Howden shocked you the most.

 

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People in this conversation

  • Guest (50eypo)

    Great choice. I was recently thinking about what happened in Iceland and this book pick is quite timely.

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  • Guest (THEsocialindependent)

    Sorry but you guys have to have the most RANDOM book club ever. I do not usually read them but I check back just to see what you choose each month.:)

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  • Guest (Charles)

    I enjoyed this book immensely. I studied Finance in college, but the explanations given in the book were far superior to any textbook I remember. The Lehman tie in was also interesting, along with the fact that so many Icelanders had multiple jobs.

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  • Guest (Fritz Z.)

    I cannot recommend this book enough. If you want to understand just how little help the IMF provides despite their promises to do "everything" this book cannot be beat.

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