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Sep 20 2022

USA Less Free Than 1 Year Ago per Fraser Institute

As Big Government grows, economic freedom continues to decline:

Each year, the Fraser Institute releases a report entitled “Economic Freedom of the World,” a ranking of countries around the world by economic freedom. … The ranking is calculated using numerous factors, including size of government, respect for property rights, freedom to trade, monetary policy, and regulation.

“Economic freedom is about people being free to mold and shape their own lives,” in the words of James Gwartney, a coauthor of the report.

The United States slots in at 7th place, down one spot from last year. But the U.S.’s score dropped more significantly, down from 8.25 to 7.97 on the index’s 10-point scale. The reason why America lost only one spot in the rankings is because economic freedom around the world fell in 2020…

It would be nice to think that the Land of the Free would stand against this alarming trend. But the USA’s score is the lowest in 4 decades.

Atop the list are Singapore and Hong Kong, where freedom will soon be snuffed out by the ChiComs. Toward the bottom, we find Zimbabwe and Venezuela, two countries that appear to serve as models for Democrats.

Give Biden et al. a few more years and creeping socialism will push America out of the top 10.

On a tip from Mr. Freemarket.


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