Tuesday, November 24, 2015
The Lesson from Sweden
If Sweden had been the 3rd wealthiest country on the planet under socialism, fell to 17th after 20 years of capitalism, and then soared once again when government spending went from 49% of GDP to 67% of GDP and the top marginal tax rate from 50-something percent to 80 something percent, the left would be championing this A-B-A scenario as a perfect example of successful government intervention/central planning (to which they'd have a decent amount of justification in that this is about as close as one can get to a controlled experiment in economics). Of course, being that the exact opposite was actually happened in Sweden, they're spinning like a bunch of drooling buffoons and circling the wagons YET AGAIN. Oh well, you've gotta at least admire their depravity, err, I mean, persistence.