Gunnar Tomasson is an Icelandic economist now living in the U.S. and a former senior staff member of the IMF from 1966 to 1989. Mr Tomasson is a refreshingly unorthodox thinker, although by no means an Austrian. In a February 2009 Mises blog, I posted a television interview with Mr. Tomasson in which he questioned the equilibrium foundations of modern econmic theory and its usefulness for solving real-world economic problems. Partly as a result of my blog, Mr. Tomasson was recently interviewed on television on the causes of the Icelandic financial meltdown and its implications for the current U.S. and Euroland debt crises. In his latest interview he again challenges the relevance of general equilibrium theorizing and takes a strong position against continuing deficit financing and central bank fiat money creation as a solution to these problems. He even hints that nothing short of sovereign debt repudiation will finally resolve the global crisis. You can view the two segments of this interview here and here.
Source link: http://archive.mises.org/20494/20494/