The jury is still out on "economic failure." The evidence cited on the economy is thin at best. The main piece of evidence is that "Sweden’s central bank expects its economy to contract by 4.5 percent this year, a revision from a previously expected gain of 1.3 percent." Economic forecasts are ridiculously unreliable. In the US, economists forecast (on average) that 8 million jobs would be lost in May. Instead there…
In this case they want to paint the alternative path as wrongheaded and foolhardy. I’m glad someone tried something different in light of a lack of hard evidence. Time will tell if one or the other was better, but at least we’ll have baselines to compare against.