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The Next Supermodel?

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02/05/2013

The Economist has a new report out on the Nordic countries naming them the model for how other nations can return their economies to prosperity.

As socialism failed in Sweden in the early 1990s the government and to a lessor extent the neighboring countries of Denmark, Finland, and Norway began to reform economic policy. Taxes and budget deficits were cut. The relative size of the national debt was reduced. Labor markets, regulation, and education have experienced liberal reforms. The result has been a return to prosperity. Not a bad model.

Mark Thornton is a Senior Fellow at the Mises Institute and the book review editor of the Quarterly Journal of Austrian Economics. He has authored seven books and is a frequent guest on national radio shows.

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