Friday, December 11, 2009

Is it the Scandinavian model, or the Scandinavians themselves?

Via Joel Kotkin, this great quote from Milton Friedman, which puts the success of the so-called Scandinavian model into some perspective:

When a local economist told Milton Friedman “In Scandinavia we have no poverty”, he replied: “That’s interesting because in America among Scandinavians, we have no poverty, either.”

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