Debunking Scandinavia Envy

Don't believe the propaganda that life in heavily interventionist Scandinavia is better than in America.
  
Greg Mankiw reports:

Fact of the day: "Danish-Americans have a measured living standard about 55 percent higher than the Danes in Denmark. Swedish-Americans have a living standard 53 percent higher than the Swedes, and Finnish-Americans have a living standard 59 percent higher than those back in Finland."