Scary Stuff

So Iceland may be the first country to go bankrupt in this fun little crisis we’re having which in and of itself is pretty scary. But if you read that article carefully, and if you are of a libertarian, conservative bent, I think you’ll find something even more terrifying. Did you see it? It’s this paragraph:

With local governments also holding accounts worth tens of millions of pounds (dollars) in Icelandic banks, the British government has also used powers under terrorism laws to freeze Landsbanki’s assets until the status of the deposits is resolved.

The Brits are using terrorism laws to intervene in a non-terrorism situation. We live in a strange new world, one that isn’t friendly to civil rights or small government. When politicians panic, they’ll do anything and this is just the start.

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