U.S. not Among the “Freest” Nations

The Heritage Organization has a great website indexing economic freedom around the globe.  In the most recent update for 2013, the U.S. has fall -0.3% in “freedom” points to hold the #10 spot out of 177 nations. (The 2013 period covers the second half of 2011 and first half of 2012.) This is the lowest recorded score since the index started in 2000. Top countries are Hong Kong, Singapore, Australia, New Zealand and Switzerland.  Further different types of freedom are ranked such as business, trade, monetary, investment, property and labor freedom amongst others The U.S. has high levels of government spending and low levels of fiscal and monetary freedom which decreases our index number compared to the top countries (despite Denmark holding the #9 Free Spot even with a 56% top income tax rate.) The site also provides a detailed analysis of where they obtained the data and how The Heritage Foundation measures “freedom”.

economic freedomI highly recommend exploring this site.

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2 thoughts on “U.S. not Among the “Freest” Nations

  1. I believe the reduction of freedom in this country is directly related to the steady increase in the size of the government over the past decade. Entrepreneurial growth has declined significantly and the unemployment rate is still around 8%. The new health care act and the taxes associated with it are not helping matters any either. The website spells it out simply by saying, “Restoring the U.S. to a place among the world’s “free” economies will require significant policy reforms, particularly in reducing the size of government, overhauling the tax system, transforming costly entitlement programs, and streamlining regulations.” The larger the government grows and the more we move away from capitalistic values, the less freedom we will have as citizens of the United States.

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