"The Swedish model demonstrates that big government and needless regulations undermine prosperity," said CF&P President Andrew Quinlan.
"This is true even in nations that became rich when the burden of government was very small."
"Sweden teaches an important lesson about the dangers of statism," added Dan Mitchell, Cato Institute Senior Fellow and Chairman of CF&P.
"Unfortunately, many American politicians seemed determined to repeat Sweden's mistakes."
Sweden is a powerful example of the importance of public policy. The Nordic nation became rich between 1870 and 1970 when government was very small, but then began to stagnate as welfare state
policies were implemented in the 1970s and 1980s. The CF&P Foundation video explains that Sweden is now shifting back to economic freedom in hopes of undoing the damage caused by an excessive welfare state.