Two decades ago, Sweden and Switzerland took different paths to deal with their fiscal problems. Their experiences provide important lessons about taxation and spending the United States would do well to learn.

John D. Merrifield is Professor of Economics in the College of Business at the University of Texas, San Antonio, and a Research Fellow at the Independent Institute.
Barry W. Poulson is a research fellow at the Independent Institute and teaches economics at the University of Colorado.
EconomyFiscal Policy/Debt
Other Independent Review articles by John D. Merrifield
Spring 2024 The Death of Public School: How Conservatives Won the War over Education in America
Winter 2023/24 The Malfunction of U.S. Education Policy: Elite Misinformation, Disinformation, and Selfishness
Fall 2006 Choice and Competition in American Education
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Other Independent Review articles by Barry W. Poulson
Winter 2022/23 Fixing Social Security: The Politics of Reform in a Polarized Age