Keynesian economic policy almost destroys Sweden; economy saved by frugality since '92

 Which, of course, is a principle of Austrian economics.

"...there has been no job creation at all in the private sector from 1950 to 2005.

Yes, you read that correctly: there was no net increase in the number of jobs in the private sector in Sweden over a period of 55 years. In other words, starting five years after the end of the Second World War, the Swedish economy was at a complete standstill."

Read the rest at mises.org blog