“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.”