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LOOK TO TALLINN: ESTONIA’S FREE MARKET SUCCESS: HERITAGE

This from the website of the Heritage Foundation is useful for those looking for evidence to fight tax and spend liberalism and Krugmanism.  It’s about Estonia – the tiny Baltic republic liberated nearly twenty years ago and one of the freest nations in the world today:

In the midst of a world embroiled in economic turmoil, a few nations have managed to do surprisingly well—among them, Estonia. After near economic collapse during the 2008–2009 financial crisis, the country has managed to successfully bounce backwith substantial GDP growth, a vibrant trade environment, and a notable budget surplus.

During the first quarter of this year, Estonia had the highest rate of growth in the EU and the biggest drop in unemployment. In July, its credit rating was raised by Fitch to A+, a reflection of substantial economic growth.

At this rate, Estonia might catch up to the USA in creditworthiness!  The effort was not easy and it took political will we do not presently have.  But, free markets work!

 


About Elwood Sanders

Elwood "Sandy" Sanders is a Hanover attorney who is an Appellate Procedure Consultant for Lantagne Legal Printing and has written ten scholarly legal articles. Sandy was also Virginia's first Appellate Defender and also helped bring curling in VA! (None of these titles imply any endorsement of Sanders’ views)

One Response to “LOOK TO TALLINN: ESTONIA’S FREE MARKET SUCCESS: HERITAGE”

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  1. [...] Estonia re-declared independence twenty years ago today – August 20, 1991.  They are doing well with a largely free-market economy and government.  Latvia declared independence on May 4, 1990 [...]


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Tom White Says:

Nothing is more conservative than a republican wanting to get their majority back. And nothing is more liberal than a republican WITH a majority.

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