Tag Archive: Economic Freedom


America’s Dwindling Economic Freedom

 

 

” World economic freedom has reached record levels, according to the 2014 Index of Economic Freedom, released Tuesday by the Heritage Foundation and The Wall Street Journal. But after seven straight years of decline, the U.S. has dropped out of the top 10 most economically free countries.

  For 20 years, the index has measured a nation’s commitment to free enterprise on a scale of 0 to 100 by evaluating 10 categories, including fiscal soundness, government size and property rights. These commitments have powerful effects: Countries achieving higher levels of economic freedom consistently and measurably outperform others in economic growth, long-term prosperity and social progress. Botswana, for example, has made gains through low tax rates and political stability.”

 

   Heck of a job Barack . Now the “Land Of Liberty” needs to take lessons in freedom from Mauritius ? More on this story at the WSJ  and you can view the rankings with methodology and percentages of change year over year at Heritage.org

 

 

Economic Freedom Index 2014

 

 

The “One” promised change and that’s what we’ve got . No one ever said the change would be good .

 

 

 

 

 

 

 

 

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Daily Video 9.17.13

Are We Rome? Ben Powell Compares The U.S. With The Roman Empire

 

 

Published on Sep 15, 2013

” “If we continue down the misguided path that the government is taking us, then the future does not look good,” says Free Market Institute’s Ben Powell.

Reason’s Nick Gillespie caught up with Powell to discuss the theme of this year’s Freedom Fest, “Are We Rome?” and whether America is following in Rome’s footsteps towards decline.

“Our economic freedom has been plummeting the last ten years,” Powell says, “and this isn’t a product of Obama. It’s Bush [and] Obama consistently. More than half of our decline in economic freedoms happened under Bush. It’s just the rate of decline is happening more under Obama.”

Held each July in Las Vegas, Freedom Fest is attended by around 2,000 limited-government enthusiasts and libertarians. Reason TV spoke with over two dozen speakers and attendees and will be releasing interviews over the coming weeks. Go here for an ever-growing playlist of this year’s interviews.”

 

 

 

 

 

 

 

 

 

Republican Governed States Crush Democrats in Economic Competitiveness Rankings

 

Republican Governed States Crush Democrats in Economic Competitiveness Rankings

 

” Think it doesn’t make a difference if you’re in a blue or red state? On the contrary, my friend. Check this out from the Daily Caller:

Thirteen of the top 14 best states for business and economic competitiveness are led by Republican governors, according to the 2013 edition of an annual study by CNBC.”

 

 

Here are the top ten 

 

  1. South Dakota (R/R)
  2. Texas (R/R)
  3. North Dakota (R/R)
  4. Nebraska (R/-)
  5. Utah (R/R)
  6. Virginia (R/R)
  7. Colorado (D/D)
  8. Georgia (R/R)
  9. Wyoming (R/R)
  10. Idaho (R/R)

 

Click the link to see the rest

 

 

 

 

 

 

 

America’s Ranking in the 2013 Index of Economic Freedom

 

 

 

” When we talk about “economic freedom,” what do we mean—and why does it matter?

Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please, with that freedom both protected by the state and unconstrained by the state.

Since reaching a global peak in 2008, sadly, economic freedom around the world has continued to stagnate.

 

What are the reasons for the worldwide sluggishness? As Ambassador Miller writes in The Wall Street Journal, “Particularly concerning are the rise of populist ‘democratic’ movements that use the coercive power of government to redistribute income and control economic activity.”

While “corrupt political and legal environments cause underdevelopment in poorer countries,” Miller writes, “unfortunately, economic favoritism and cronyism exist in advanced democracies, too.” Americans are well aware, and the overall U.S. score has been dropping since 2009. From 2009 to 2010, the U.S. declined from being a “free” economy to “mostly free.” This year, it ranks 10th in the world. “

 

So , economic freedom in the US has taken a downturn since 2009 . What came about in 2009 to cause our precipitous drop in the rankings ? Where will we being after four more years ? 

 

” One reason for America’s lack of freedom is that its scores on regulatory efficiency—which include business freedom and labor freedom—have dropped. The editors point to the fact that “over 100 new major federal regulations have been imposed on business operations since early 2009 with annual costs of more than $46 billion.” “

 

Surprise , surprise … Regulation is the culprit . Who would have guessed ?

 

” It is no exaggeration to blame the recent slowdown in economic liberalization around the world on the lack of U.S. leadership. Trade flows—the engine of world growth—have declined as the U.S. economy has stagnated. Protectionism threatens consumers and businesses with higher costs and restrictions in supply. Ill-conceived banking regulations such as the Dodd-Frank law generate uncertainty and anxiety. And investment freedom declines in the face of higher costs and new legal and tax liabilities such as those introduced by ObamaCare. These misguided U.S. policies hurt Americans first, but others feel the harm as well. “

 

Lack of leadership in the ” Leader of the Free World ” is very costly , not just to Americans but to all the citizens of the world .

 

” Launched in 1995, the Index evaluates countries in four broad areas of economic freedom: rule of law; regulatory efficiency; limited government; and open markets. Based on an aggregate score, each of 177 countries graded in the 2013 Index was classified as “free,” “mostly free,” “moderately free,” “mostly unfree,” or “repressed.”

The broader areas are broken down into 10 measures: property rights, freedom from corruption, fiscal freedom, government spending, business freedom, labor freedom, monetary freedom, trade freedom, investment freedom, and financial freedom.

The New Website

The updated website, launched today, is interactive:

Each country’s profile includes quick facts such as its population, gross domestic product (GDP), unemployment rate, and the amount of foreign investment flowing into the country—and you can embed this data in your blog or website.

Visit the 2013 Index of Economic Freedom “

 

 

 

US States Less Free Than Canadian Provinces

 

 

 

 

 ” A new study on economic freedom in North America has concluded that some American states are less free than the provinces of our northern neighbor Canada.

“Canadian provinces now lead US states in average economic freedom, with the provincial average at 6.8 compared to 6.7 out of 10 for US states,” claims the new study by the Fraser Institute.

Topping the list of the most economically free subdivisions of North American countries is the Canadian province of Alberta, followed by Delaware, Saskatchewan, Texas and Nevada.

The Economic Freedom of North America 2012 report was calculated using ten components in three basic areas: size of government, takings and discriminatory taxation, and labor market freedom. The number one issue affecting U.S. states’ freedom is the amount of government spending. “

The lost decade of economic freedom

  “As Ronald Reagan so eloquently put it, “Freedom is never more than one generation away from extinction.” And while the latest edition of the Fraser Institute’s annual “Economic Freedom of the World Report” does not predict the end of the American economy, it does paint an alarming picture of the loss of our economic freedom during the last decade. From 1980 to 2000, we were the world’s leader among large industrialized nations, only outranked by small economic powerhouses Hong Kong and Singapore. Since the year 2000 we have been in a downward spiral, falling from 3rd, to 7th, and then to 10th last year. With the release of this week’s report, for the first time the United States has fallen out of the top ten — dropping all the way to 18th.”

Ever Downward Continued …

 
 “Today marks the release of the Economic Freedom of the World Index co-published by the Cato Institute and the Frasier Institute. Though many nations have bounced back slightly since declining during the global recession, the U.S. has fallen from among the very top nations in economic freedom to an all-time low of 18th place, down from 2nd place in 2000.”

 

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