Saturday, May 22, 2021

How Estonia Became One of the Wealthiest Countries in Eastern Europe

Recommendable! The economic miracles that were observed in some of the former Soviet Union countries after the fall of communism are incredible! Economic and individual liberty make it happen!

"... Yet, since at least the publication in 1776 of The Wealth of Nations [by Adam Smith, member of the Scottish Enlightenment], we know that political and economic institutions play a decisive role in this respect. Free trade, a reliable legal framework that protects private property and enforces contracts, and sound money are necessary conditions for countries to thrive. ..."

How Estonia—Yes, Estonia—Became One of the Wealthiest Countries in Eastern Europe - Foundation for Economic Education Estonia is the living example that human progress is closely linked to economic freedom.

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