{"id":188959,"date":"2010-06-29T21:23:00","date_gmt":"2010-06-30T02:23:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/06\/29\/economic-datapoint-of-the-day\/"},"modified":"2010-06-29T21:23:00","modified_gmt":"2010-06-30T02:23:00","slug":"economic-datapoint-of-the-day","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/06\/29\/economic-datapoint-of-the-day\/","title":{"rendered":"Economic Datapoint of the Day"},"content":{"rendered":"<div style=\"border: 1px solid black; margin: 0px 10px; padding: 5px; width: 400px; float: right; text-align: center;\">Click for full size<\/p>\n<hr \/>\n<p><a href=\"http:\/\/img15.imageshack.us\/img15\/994\/readgdpgrowthratepercap.png\"><img decoding=\"async\" src=\"http:\/\/img15.imageshack.us\/img15\/994\/readgdpgrowthratepercap.png\" bordercolor=\"white\" width=\"390\" border=\"0\" \/><\/a><br \/><span style=\"font-style: italic;\">Iceland&#8217;s falling GDP<\/p>\n<p><a href=\"http:\/\/img94.imageshack.us\/img94\/5206\/unemploymentrate1209117.png\"><img decoding=\"async\" src=\"http:\/\/img94.imageshack.us\/img94\/5206\/unemploymentrate1209117.png\" bordercolor=\"white\" width=\"390\" border=\"0\" \/><\/a><br \/>Iceland&#8217;s low unemployment<\/span><\/div>\n<p><a href=\"http:\/\/yglesias.thinkprogress.org\/2010\/06\/the-best-party\/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+matthewyglesias+%28Matthew+Yglesias%29\">Matthew Yglesias<\/a>, as an afterthought in a post highlighting one of the truly trippiest campaign videos ever, notes that despite  Iceland&#8217;s plummeting GDP, unemployment remains relatively mild compared to the other European<sup>*<\/sup> red-headed step children.<\/p>\n<p>The difference is, of course, the fact that Iceland is <span style=\"font-weight: bold;\">not<\/span> a part of the Euro zone, and as such is not locked into a monetary union with the Germans who continue to pursue an export driven beggar-thy-neighbor policy with a zeal that approaches that of the Chinese.<\/p>\n<p>The real question about the Euro has always been whether it would survive bad times, but perhaps the question should be whether or not the Euro made sense in the 1<sup>st<\/sup> place.<\/p>\n<p><sup>*<\/sup><span style=\"font-size:78%;\">Yes, I know, Iceland is an island, and not a part of Europe proper, but the same could be said for Cyprus, and Iceland is even more tightly tied to western Europe.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Click for full size Iceland&#8217;s falling GDP Iceland&#8217;s low unemployment Matthew Yglesias, as an afterthought in a post highlighting one of the truly trippiest campaign videos ever, notes that despite Iceland&#8217;s plummeting GDP, unemployment remains relatively mild compared to the other European* red-headed step children. The difference is, of course, the fact that Iceland is &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1080,973,984],"tags":[],"class_list":["post-188959","post","type-post","status-publish","format-standard","hentry","category-currency","category-economy","category-europe"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188959"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=188959"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188959\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=188959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=188959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=188959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}