Reason (free minds and free markets) posted an interesting online article on Aug. 7th, 2014. Their article uses alot of stats from reporting agencies and is worth your time to read. Taken directly from the Reason article: Its worth pointing out here that the United States has been sliding on both major international rankings of economic freedom. The Index of Economic Freedom puts the U.S. in 12th place, behind Estonia, and notes, The U.S. is the only country to have recorded a loss of economic freedom each of the past seven years. The Fraser Institutes Economic Freedom of the World: 2013 Annual Report (PDF) is even tougher, noting that the U.S. slid from third place to 19th place from 2000 to 2011. While there was widespread slippage, the biggest problem, noted the report, was with eroding government respect for legal systems and property rights. Is declining economic freedom smothering the entrepreneurial spirit that once made the United States such a hotbed of innovation? That looks suspiciously likely. And well all suffer if, instead of creating new businesses, Americans flock to safe government sinecures instead—paid for by whoever remains in the sclerotic private sector.
Posted on: Fri, 15 Aug 2014 15:44:52 +0000
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