I first went to Georgia for a Liberty Camp in the summer of 2007 that was jointly organised by ISIL and the New Economic School of Georgia. At the time the country hadn’t seemed particularly free-market, but in the years since a few people have said to me that it has seen extraordinary levels of privatisation making Georgia one of the best current examples of the free market. Luckily for us, Gia Jiandieri, the Vice-President of NES, together with Neil Emerick of the Free Market Foundation, has recently come out with an article to enlighten us on the brilliant changes that have taken place in the country. [emphasis added] […] By 2003, the public had lost complete faith in public institutions, then president Eduard Shevardnadze resigned and a reform government was elected in what came to be known as the “Rose Revolution”. The new government saw its country at rock bottom and decided radical reform of the business environment was required. The priorities for economic recovery and reform included liberalising the tax system, deregulation, making the process of starting a business easier, high-speed privatisation and public-sector reforms that included eliminating corruption, lowering the number of state agencies and downsizing the rest. In the area of tax reform, personal income tax was decreased from 20% to a top, flat rate of 12%. Social taxes went from 31% to 20% and were then abolished. Value-added tax was lowered from 20% to 18%. Corporate tax was reduced to 15%, while dividend tax came down to 5%. The total number of taxes was reduced from 22 to six. In 2011, Georgia adopted the Economic Liberty Act, which prohibits government spending of more than 30% of GDP, a budget deficit of more than 3% and public debt of more than 60% of GDP. Impressive reforms were …