“Our central bank, the privately held “federal reserve” has always had that power, printing fiat money then charging interest on it. How does that change anything in the case of Iceland?”
All Iceland is doing is what the rest of the world already does: vests the power to create fiat currency in the hands of a central bank that is a creature of the state. Same thing U.S. does now.
To claim what Iceland is contemplating doing is stunning, revolutionary, etc. is just plain stupidity on the part of the author, who apparently is completely clueless.
My point exactly. Thank you.