They need to prepare themselves for demographic decline.

Free market reforms are paying dividends.

Why do they want to ruin a good thing?

Latvia and the other Baltics were willing to endure more short-term pain in order to achieve a quicker economic rebound.

I got a few cranky emails after my post suggesting the United States should copy the Baltic nations and implement genuine spending cuts. These less-than-friendly pen pals were upset that I favorably commented on the fiscal discipline of Estonia, Lithuania, and Latvia while failing to reveal that these nations were suffering from high unemployment. From […]