Max Borders explores in his Ideas Matter update the positive impact of Estonia‘s free-market economic reforms:
When Estonia first tasted freedom from totalitarian rule in the early 1990s, a reluctant leader — Mart Laar — had only one handbook for economic policy: Milton Friedman’s Free To Choose. … Laar and his advisors remained faithful to what
Laar had learned in that book. And the results have been nothing short
of staggering.Estonia is one of the most promising young economies in Europe. If
they don’t become too ensconced in the regulatory mazes and central
banking cycles the EU creates, they will continue to flourish. As one of
the freest economies in the world, according to both the Heritage and Fraser Indices on economic freedom, Estonia is a Baltic Tiger that stands to
enjoy years of prosperity despite the recent global recession.
