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Estonia’s Transition from Socialist Misery to Free-Market Prosperity, Part III

Estonia’s Transition from Socialist Misery to Free-Market Prosperity, Part III

by Dan Mitchell | May 7, 2025 | Blogs, Flat Tax, Free Market, Taxation

I’m in Estonia as part of the Free Market Road Show, so this is a good opportunity for Part III of my series on that country’s rebound from communism. To follow up on Part I and Part II, let’s start with this Fraser Institute video. I’ve always...
Russia and (Non-Existent) Shock Therapy

Russia and (Non-Existent) Shock Therapy

by Dan Mitchell | Jan 30, 2025 | Blogs, Economics, Free Market

Last year, I mocked Tucker Carlson for trying to make it seem like Russia’s moribund economy was successful. Two years ago, I showed that Russia lagged behind other nations that emerged from the collapse of communism. Three years ago,...
The 2024 International Tax Competitiveness Index

The 2024 International Tax Competitiveness Index

by Dan Mitchell | Oct 22, 2024 | Blogs, Taxation

Over the years, I have heaped praise on the Baltic nations, especially Estonia, for having comparatively sound economic policies. The latest piece of evidence is the Tax Foundation’s 2024 edition of the International Tax Competitiveness...
Friedman vs Stiglitz: Estonia and Poland vs. Argentina and Venezuela

Friedman vs Stiglitz: Estonia and Poland vs. Argentina and Venezuela

by Dan Mitchell | Aug 25, 2024 | Blogs, Economics, Free Market, Socialism

About 10 days ago, I showed that Milton Friedman was a much better economist than Joseph Stiglitz by comparing Chile (which followed Friedman’s ideas) and Venezuela (which followed Stiglitz’s ideas). It was a slam-dunk win for Friedman. Chile started poor and...
Estonia’s Transition from Socialist Misery to Free-Market Prosperity, Part II

Estonia’s Transition from Socialist Misery to Free-Market Prosperity, Part II

by Dan Mitchell | Jan 8, 2024 | Blogs, Free Market, Taxation

In Part I of this series, we looked at the many pro-market reforms that turned Estonia into an “improbable success.” For Part II, let’s look at fiscal policy. And we’ll start with the country’s best feature: Estonia has a very simple and fair flat...
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