by Fergus Hodgson
Director of Fiscal Policy Studies
Yesterday’s appalling “Economic Freedom of the World” outcome ought to be painful for Americans with any pride in the tradition of liberty in this country. The Fraser Institute, a free market policy institute from Canada, has just released an extensive analysis of international freedom, and they find the United States to be below the United Kingdom and Canada!
Regardless of measurement disputes, these monarchies ought to not even touch an America that fought for its independence and self-rule. Worse:
The United States experienced one of the largest drops in economic freedom, falling to 10th place overall from sixth in 2010. Much of this decline is a result of higher spending and borrowing on the part of the U.S. government, and lower scores for legal structure and property rights.
Here are the top ten nations, according to the Fraser Institute ranking:
1. Hong Kong 2. Singapore 3. New Zealand 4. Switzerland 5. Australia 6. Canada 7. Chile 8. United Kingdom 9. Mauritius 10. United States