Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • Debbie Young
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • World Gold Mine Production

How Much Economic Freedom do You Have?

November 3, 2015 By The Editors

Cato Institute, along with the Fraser Institute, has published the latest report on the Economic Freedom of the World. Since peaking at 2nd place in 2000, the U.S. has seen its rank fall rapidly, hitting a low of 17th in 2011. In 2012 America rebounded to 12th place, only to lose most of that again, falling to 16th in 2013 (the most recent data available, compiled in the 2015 index). You can see on the chart below that as America’s economic freedom has fallen, so too has its real GDP growth. The economic freedom index isn’t a guide to future GDP growth, but is a measure of the steps a country has taken to provide the conditions which would seem optimal to free exchange and the protection of property rights. Cato Institute describes the index here:

The foundations of economic freedom are personal choice, voluntary exchange, and open markets. As Adam Smith, Milton Friedman, and Friedrich Hayek have stressed, freedom of exchange and market coordination provide the fuel for economic progress. Without exchange and entrepreneurial activity coordinated through markets, modern living standards would be impossible.

Potentially advantageous exchanges do not always occur. Their realization is dependent on the presence of sound money, rule of law, and security of property rights, among other factors. Economic Freedom of the World seeks to measure the consistency of the institutions and policies of various countries with voluntary exchange and the other dimensions of economic freedom. The report is copublished by the Cato Institute, the Fraser Institute in Canada and more than 70 think tanks around the world.

economic freedom and gdp

You can read the latest report below:

[gview file=”https://richardcyoung.com/wp-content/uploads/2015/11/efw-2015-chapter-1-updated.pdf” width=”100%” save=”1″]

Related Posts

  • Eroding Economic Freedom
  • U.S. #16 Economic Freedom Index
  • U.S. Plummets to 12th in Global Economic Freedom
  • Author
  • Recent Posts
The Editors
Latest posts by The Editors (see all)
  • Americans Scared of CBDC Control of Their Money - June 2, 2023
  • Why Is Carcinogenic Monkey Virus DNA in COVID Vaccines? - May 31, 2023
  • Google Knows Where You Are and What You’re Thinking - May 31, 2023

Dick Young’s Must Reads

  • Richard Feynman Solved the Space Shuttle Disaster Mystery
  • Biden Wants to Gut the Tax Benefit of 401K Plans
  • You’re Ready to “Make It a Good Month”
  • Globalism Has Made America Dependent on Foreign Countries
  • The Worst President in American History
  • We’ll Burn the Place Down!
  • “The Goal”: Strong Families, Resilient Faith, Thriving Middle Class.
  • You’ve Read The Last Issue of Intelligence Report, Now What?
  • A Look at the Future of Main Street America
  • If You’re a Highly Effective Person, We Should Talk

Disclosure

RSS Youngresearch.com

  • Rome, Paris, U.S.A.: Global Crisis in Confidence
  • June Is Retirement Compounders Month
  • What Is a Fiduciary Duty? Are You Working with a Fiduciary?
  • FOOD CRISIS? Ukraine Says Russia Is Blocking Grain Exports
  • Delivery Robots Coming to More Cities with Uber Eats
  • Western Sanctions on Russia Have Strengthened Its Ties to India, China
  • Birth Rates in France Worst Since Post-WWII Era
  • A Cashless Society Is A Debacle for Americans
  • Democracy: The Most Dangerous and Insidious Effect of Majority Rule.
  • What’s the Alternative to China for Manufacturers?

RSS Yoursurvivalguy.com

  • Rome, Paris, U.S.A.: Global Crisis in Confidence
  • Your Survival Guy’s Best Insider’s Guide to Rome
  • What Is a Fiduciary Duty? Are You Working with a Fiduciary?
  • Survive and Thrive June 2023: Your Survival Guy in Rome 30-Years A.B. (After Babson)
  • Birth Rates in France Worst Since Post-WWII Era
  • Your Survival Guy Felt Like a U.N. Worker in Rome
  • Social Security: Declining Italy Needs a Bambino Boom
  • ATTACK ON THE IVAN KHURS: Unmanned Vessels Changing Naval Warfare
  • The Future of the American City is This…
  • Happy Memorial Day: Your Survival Guy: Proud To Be an American

Rewarding Loyalty with Ridicule

Rome, Paris, U.S.A.: Global Crisis in Confidence

June Is Retirement Compounders Month

Americans Scared of CBDC Control of Their Money

Your Survival Guy’s Best Insider’s Guide to Rome

Auto Profitability Colliding with Low Emissions

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives