Monday, May 24, 2010

Now that we have a European style welfare state, lets learn how to run it efficiently

Advice from Swedish Economist Andreas Bergh: don't spend your taxes on an inefficient public sector:
Sweden is not a socialist success story but instead owes its economic growth to the lowered tax rates and deregulation of the early 1990s, which allowed innovation and investment to flourish. Bergh also discusses how Sweden's national voucher program revitalized the country's educational system and warns that Americans who are hoping to emulate Swedish success by growing the public sector are learning the wrong lessons from Sweden.  

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