Note: The original link is now broken. The best replacement I could find is Scott Sumner’s extensive quotations here.
Sweden went through some large swings in economic policy highly relevant for U.S. economic policy debates. The full story is important. Here is Anders Aasland’s version. (I think “aa” is an acceptable spelling of an “a” with a circle over it.)
Thanks to Scott Sumner for highlighting this Anders’s essay. Scott notes: “Aslund neglects to mention things like Stockholm’s congestion pricing scheme.”