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[19 Feb 2009 | Comments Off | ]

The “Swedish model” has become shorthand in the United States for the general practice of nationalization. But, as is often the case, the details got stripped down a bit on the term’s way to shorthand. Adam Davidson spoke with Leif Pagrotsky on Planet Money yesterday. Pagrotsky, who has worked in Sweden’s Central Bank and Ministry of Finance and was active during their economic crisis, wanted to point out what he saw as an inaccuracy in the American reference to what happened there.