Womp, womp: The U.S. loses ground in economic freedom, again
Hot Air
by Erika Johnsen
January 10, 2013
The Wall Street Journal and the Heritage Foundation have released their annual Index of Economic Freedom for 2013, and bad news, friends: More top-down regulations, more federal intrusion, expanded deficit spending, and heightened rent-seeking are in fact not conditions conducive to economic freedom. Based on measures relating to the rule of law, limited government, regulatory efficiency, and open markets, the United States came in tenth place, following Hong Kong, Singapore, Australia, New Zealand, Switzerland, Canada, Chile, Mauritius, and Denmark. The least-free countries were Venezuela, Zimbabwe, Cuba, and North Korea in dead last.
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