63: Singapore & Other Market Economies

In this episode Brad and Dan take a look at an argument that is frequently used in favor of central planning as opposed to an unrestricted market. That argument is this: look at all of the well off and successful socialist modern utopia like Singapore and Sweden, they are much better off than the US using a free market system. To answer this we use a couple of data sets to analyze the differences in the economies of several different nations and consider the causes of their prosperity.

Music: Beauty Flow by Kevin Macleod
Photo: Mike Enerio on Unsplash

https://www.heritage.org/index/ranking https://www.fraserinstitute.org/studies/economic-freedom