Thanks to decades of reckless spending by European welfare states, the newspapers are filled with headlines about debt, default, contagion, and bankruptcy. We know that Greece and Ireland already have received direct bailouts, and other European welfare states are getting indirect bailouts from the European Central Bank, which is vying with the Federal Reserve in […]

Sweden serves as a powerful example of the importance of public policy. Having once become rich when government was small, this Nordic nation began to stagnate as welfare state policies were implemented in the 1970s and 1980s. This video explains that Sweden is now shifting back to economic freedom in hopes of undoing the damage caused by an excessive welfare state.