Former Estonian Prime Minister Mart Laar (former keynote of Atlas’s Freedom Dinner, and good friend to several think tanks in the network) has a good piece in the Wall Street Journal this morning, “Freedom Is Still the Best Policy.” He makes the case that policymakers should study the transition experiences of post-communist countries in the 90s as they plot a course back to economic health:
It is clear that the invisible hand still points the way out of crises. It is easy to see when we look at how the postcommunist transition countries are tackling the economic crisis. After the collapse of communism, Central and Eastern Europe and the Baltic countries launched several radical reforms and achieved remarkable economic growth. Some of these countries have trusted the invisible hand more, others less. As a result, not only have the results of reforms been different, but the impact of economic crises as well.
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