In this new video from the Center for Freedom and Prosperity, a Swedish economics student makes three important points.
- Sweden became a rich nation in the late 1800s and first half of the 1900s by relying a free markets and small government.
- Growth deteriorated beginning in the 1970s after the imposition of high tax rates and a big increase in the burden of government spending.
- For the last 20 years, Swedish lawmakers have been trying to restore prosperity by lowering tax rates and adopting pro-market policies.
So if Swedes have learned from their mistakes and are now trying to reduce the size and scope of government, why are American politicians determined to repeat those mistakes? This is something to keep in mind with a looming vote on a giant expansion of the welfare state.