God love Milton Friedman. His books are easy to read for a complex subject. It is about individual economic freedom.
Having a population of around 1 million, it is easier for Estonia's economy to grow by 11% than for a larger nation with a comparable level of development.
Still, Estonia's post-Soviet economic record is impressive.
you mean tax cuts and smaller government work? /sarc
Do the Estonians speak a Slavic language ?
Estonia got grown latest years on the Russian transit throw her ports. Now it is over. Let us wait and see what 2007 numbers will be:).
bump
“”In our first free, independent elections in 1992, the government that
was elected was headed by Mart Laar, who knew nothing about economics
except that he read one book and that was by Milton Friedman,”
Kasekamp says.
Another country saved by “The Chicago Boys”...just like Chile.
(a year or so ago, The Smithsonian Magazine had an article about Chile.
The economic success is so stunning that the writer, a former New
York Times reporters had to honestly report it, along with a few of the growing pains).
Here’s a link to a recent book; I heard the author give a BookTV
(C-Span2; weekends) two weekends ago.
“And he was very inspired by that, and he was also inspired by [former
British Prime Minister Margaret] Thatcher and, basically, he was
a young guy who’s main idea was to clean away the old Soviet mess.”
As mentioned by the author of the book linked above, he said that
he got to see London go from a slide into Third World Status to
being first-class after Thatcher turned the ship around.