Tuesday, November 29, 2005

Is Any Explanation Necessary?

The Scandanavian countries are always held up as a model for social welfare programs yet the evidence seems to contradict that assertion. Contrasting that model is Ireland which decided in the mid-80s to scle back on government expenditures, taxes and regulations. Since that revolutionary idea Ireland has gone from the poorest nation in Europe to the fourth largest GDP/capita in the industrialized world. Meanwhile Scandinavia is stagnant or declining, I think the evidense is clear.

HatTip: Marginal Revolution

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