Skip to comments.Worldwide Economic Freedom Index Shows US Slipping
Posted on 03/02/2012 10:48:18 AM PST by next media
Contributing the overall decline in worldwide economic freedom was the drop of the massive economy of the United States from 6th worldwide to 10th., in part due to the Obama administration creating the most rapid increase in debt in US history. This, combined with a lessening of property rights, such as the failure of the Democratic-led auto bailout restructuring team to honor the debt obligations of General Motors to its shareholders to push the US down in the index.
(Excerpt) Read more at usbcnews.com ...
“So that the record of history is absolutely crystal clear. That there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.” - Milton Friedman
Economic freedom being elemental to a free enterprise system, this is bad news for everyone.