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...
by Dan Mitchell | Jan 7, 2024 | Blogs, Free Market
I shared a 44-minute video on the “improbable success” of Estonia back in 2016. For those with time constraints, here’s a new video on the same topic that’s only 56 seconds. The video is part of a project on the Realities of Socialism, which includes a book on...
by Dan Mitchell | Aug 19, 2023 | Blogs, Economics, Free Market
Just last month, I cited some academic research showing how Poland’s economy dramatically improved after the fall of the Soviet Empire and the country escaped socialism. The change has been dramatic. Indeed, Poland has easily out-performed...
by Dan Mitchell | Jul 24, 2023 | Blogs, Economics, Socialism
I was surprised to learn last year that Poland’s economy has out-performed China’s economy over the past three decades. Given the way free markets out-perform statism, I should have known this would be the result. Today, let’s take a closer look at how...
by Dan Mitchell | May 8, 2023 | Blogs, Free Market
For a few decades, Chile was very interesting for fans of free markets. The country became famous for its system of personal retirement accounts, but there were many other reforms that liberalized the economy. Everything from free...
