{"id":34,"date":"2009-03-05T09:43:42","date_gmt":"2009-03-05T09:43:42","guid":{"rendered":"https:\/\/mattwpbs.com\/wordpress\/?p=34"},"modified":"2009-03-05T09:43:42","modified_gmt":"2009-03-05T09:43:42","slug":"vanity-fair-on-the-icelandic-economy","status":"publish","type":"post","link":"https:\/\/mattwpbs.com\/?p=34","title":{"rendered":"Vanity Fair on the Icelandic economy"},"content":{"rendered":"

There’s a rather good article here<\/a>.<\/p>\n

Yet another hedge-fund manager explained Icelandic banking to me this way: You have a dog, and I have a cat. We agree that they are each worth a billion dollars. You sell me the dog for a billion, and I sell you the cat for a billion. Now we are no longer pet owners, but Icelandic banks, with a billion dollars in new assets.<\/p><\/blockquote>\n

(via mefi<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"

There’s a rather good article here. Yet another hedge-fund manager explained Icelandic banking to me this way: You have a dog, and I have a cat. We agree that they are each worth a billion dollars. You sell me the dog for a billion, and I sell you the cat for a billion. Now we […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[12,13,14,15],"class_list":["post-34","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-economy","tag-not-long-till-we-start-killing-each-other-for-food","tag-oh-god-oh-god-were-doomed","tag-vanity-fair"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pAkBY-y","jetpack-related-posts":[{"id":174,"url":"https:\/\/mattwpbs.com\/?p=174","url_meta":{"origin":34,"position":0},"title":"iPlayer July 27th: weekend highlights","author":"MattWPBS","date":"July 27, 2009","format":false,"excerpt":"A few days worth here, from Friday and over the weekend. 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