The power of III

Summum ius summa iniuria--More law, less justice

11 January 2011

Keynesian economic policy almost destroys Sweden; economy saved by frugality since '92

 Which, of course, is a principle of Austrian economics.

"...there has been no job creation at all in the private sector from 1950 to 2005.
Yes, you read that correctly: there was no net increase in the number of jobs in the private sector in Sweden over a period of 55 years. In other words, starting five years after the end of the Second World War, the Swedish economy was at a complete standstill."

Read the rest at blog

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