Good illustration of what actually works to build prosperity, unlike Keynesian nonsense. Also, an interesting note about Sweden and the Netherlands adopting school choice — vouchers.
Originally posted on International Liberty:
One of the reasons why this blog is called International Liberty is that the world is a laboratory, with some nations (such as France) showing why statism is a mistake, other jurisdictions (such as Hong Kong) showing that freedom is a key to prosperity, and other countries (such as Sweden) having good and bad features.
It’s time to include Chile in the list of nations with generally good policies. That nation’s transition from statism and dictatorship to freedom and prosperity must rank as one of the most positive developments over the past 30 years.
Here’s some of what I wrote with Julia Morriss for the Daily Caller. Let’s start with the bad news.
Thirty years ago, Chile was a basket case. A socialist government in the 1970s had crippled the economy and destabilized society, leading to civil unrest and a military coup. Given the dismal situation…
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