Funny, Obama didn't mention Economic Freedom

Rank	Country	Overall	Change
1	Hong Kong	89.7	0.0
2	Singapore	87.2	1.1
3	Australia	82.5	-0.1
4	New Zealand	82.3	0.2
5	Switzerland	81.9	0.8
6	Canada	80.8	0.4
7	Ireland	78.7	-2.6
8	Denmark	78.6	0.7
9	U.S.	77.8	-0.2
10	Bahrain	77.7	1.4

 

In 2007 we were No. 4, with a score of 82.0. 

Here's some of what's dragging us down in the U.S.:

Spending increases totaled well over $1 trillion in 2009 alone, an increase of more than 20 percent over 2008. Stimulus spending has hurt the fiscal balance and placed federal debt on an unsustainable trajectory. Gross government debt exceeded 90 percent of GDP in 2010.

 

From the Heritage Foundation and the Wall Street Journal:

What is economic freedom?

Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please, with that freedom both protected by the state and unconstrained by the state. In economically free societies, governments allow labor, capital and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself.

How do you measure economic freedom?

We measure ten components of economic freedom, assigning a grade in each using a scale from 0 to 100, where 100 represents the maximum freedom. The ten component scores are then averaged to give an overall economic freedom score for each country. The ten components of economic freedom are:

• Business Freedom
• Trade Freedom
• Fiscal Freedom
• Government Spending
• Monetary Freedom

• Investment Freedom
• Financial Freedom
• Property Rights
• Freedom from Corruption
• Labor Freedom

 

 

 

 

 

 

BtB noted in March 2009 that our economic freedom had GONE MISSING. 

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[Mens Nike Shox Sale]

TallbuildingOne of my most effective happiness-project resolutions is to "Think big. " In work and play, tackling a big challenge can be a major source of happiness.

[Mens Nike Shox Sale]

TallbuildingOne of my most effective happiness-project resolutions is to "Think big. " In work and play, tackling a big challenge can be a major source of happiness.