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Why Are the Nordics So Rich?
- Bostonian 4y agohttps://www.cato.org/blog/swedens-big-welfare-state-superior-americas-medium-welfare-state-then-why-do-swedes-america https://www.cato.org/blog/swedens-big-welfare-state-superior... If Sweden’s Big Welfare State Is Superior to America’s Medium Welfare State, then Why Do Swedes in America Earn Far More than Swedes in Sweden? "A Scandinavian economist once said to Milton Friedman, ‘In Scandinavia, we have no poverty’. Milton Friedman replied, ‘That’s interesting, because in America, among Scandinavians, we have no poverty, either’. Indeed, the poverty rate for Americans with Swedish ancestry is only 6.7 per cent: half the US average (US Census)."