With the Obama Administration working overtime on remodeling the U.S. economy after Sweden, ca. 1975, formerly Communist Poland remains one of the world's last free-market champions. Unlike most Western governments, Warsaw refused to blow its hard-earned zlotys on futile attempts to pump-prime the economy and is the better for it now."Poland was probably the only country in Europe which could afford to finance a stimulus program, but decided not to," the country's finance minister, Jacek Rostowksi, wrote in these pages last month. While deficit-spending in the U.K. and U.S. did more ...
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