iceland

They also claim Iceland did 12x the 'austerity' Finland did, so maybe it helped after all?

When people say devalue in the current context, it is a shorthand for the Iceland scenario.

The countries that come closest to this in the world today are Iceland and Switzerland.

Is it ok to embedded this (and the full Iceland map) with an iframe?

'Iceland' - Iceland has just 300k population on an island.

I've heard from multiple sources that Iceland let their banks fail, and they're actually doing better than most now.

Funny, I've had this bookmarked for two years since I visited Iceland in 2013...still look at it from time to time.

If for example Finland increased taxes more while Iceland cut more spending, is the recovery due to devaluation of the krona (btw Iceland imports more than exports) or better domestic demand as people had more money to spend?

I wish people would stop taking Iceland as an example for pretty much anything.

Maybe it helped that my friend is a chef there and took us to the best restaurants, but I had the most amazing food in Iceland back in 2011.

When I told her how surprised I was she told me that if I lived in Iceland I wouldn't be as surprised as people apparently work these kinds of jobs often.

Yet if you break up the US into 100 little regions of a few million people, like about 80 countries on the planet, similar to say Norway, Singapore, Finland (all 5m ish people), or Iceland (300k), you'd surely have many of those little regions hitting top 10 rankings for standard of living.

Flying in I was watching a show on the entertainment system called "Delicious Iceland" or something.

For those interested, the map is an axonometric projection of my home town Reykjavík, Iceland.

Norway) that don't have a disproportionally large banking sector, and some which do but recently failed (Cyprus, Iceland).

That's very different; Iceland's total debt was tiny (compared) as it is a very small island (Iceland's debt was perhaps 1/12 the size of the debt held by Lehman Brothers).