The Swedish Economic Model

Progressive politicians love to wish that America’s economy could be more like Sweden’s. After Wednesday’s economic-data release there, we share the dream, albeit for different reasons.

The Nordic country suffered an 8.6% decline in GDP from April to June, which sounds bad until you remember the eurozone economy contracted 12.1% in the same span with some European countries doing much worse. The U.S. economy shrank nearly 10%, or 33% on an annual basis.

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