Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

The Declining Economic Freedom Of The United States
Zero Hedge ^ | 09/25/2012 | Tyler Durden

Posted on 09/25/2012 2:54:48 PM PDT by SeekAndFind

The United States, long considered the standard bearer for economic freedom among large industrial nations, has experienced a remarkable plunge in economic freedom during the past decade. From 1980 to 2000, the US was generally rated the third freest economy in the world, ranking behind only Hong Kong and Singapore. The ranking of the US has fallen precipitously; from second in 2000 to eighth in 2005 and 19th in 2010. By 2009, the United States had fallen behind Switzerland, Canada, Australia, Chile, and Mauritius, countries that chose not to follow the path of massive growth in government financed by borrowing that is now the most prominent characteristic of US fiscal policy. By 2010, the United States had also fallen behind Finland and Denmark, two European welfare states. Moreover, it now trails Bahrain, the United Arab Emirates, Estonia, Taiwan, and Qatar. The Fraser Institute's massive volume on the Economic Freedom Of The World - based on the following five factors: Size of Government, Legal System & Property Rights, Sound Money, Freedom to Trade Internationally, and Regulation - covers 42 variables with the goal of quantifying the key ingredients of economic freedom.


The Economic Freedom Of The World...


With the US Ranked #18...


How the model is created...


and the US-specific rankings...


and the decade-long demise of US Economic Freedom...


TOPICS: Business/Economy; Government; Society
KEYWORDS: economicfreedom; economy; freedom; rankings

1 posted on 09/25/2012 2:54:49 PM PDT by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind

The researchers neglected the outrageous planning/zoning and building regulations against the peasants. So, another no-vote from the nonpolitical!

2 posted on 09/25/2012 3:35:23 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794 is powered by software copyright 2000-2008 John Robinson