Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool

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)
  • TERROR TACTICS: Globalists Use Fear to Demand Compliance - February 3, 2023
  • Are Flights About to Get MORE Expensive? - February 3, 2023
  • Is Amazon’s Slowdown a Warning? - February 3, 2023

Dick Young’s Must Reads

  • Gold’s 50-Year Price Explosion
  • Rich Grandchild, Poor Grandchild
  • Joel Salatin and Alfie Oakes, America’s Food Kings
  • My Key West Garden Office
  • WAR HAS BEGUN: What Advice Are You Giving Your Loved Ones?
  • “The Great Object Is that Every Man Be Armed”
  • The Clock is Ticking: You Must Protect Your Family
  • Biden Wants to Gut the Tax Benefit of 401K Plans
  • Progressive Liberalism Has Dragged America near Ruination
  • Is It All Coming Apart in the Government’s Face?

Disclosure

RSS Youngresearch.com

  • Your Retirement Life: Adventure Awaits
  • UK Takes Aim at the Cryptocurrency Industry
  • Early Advice from Her Dad on Tipping at Charlie Trotter’s
  • Do You Trust This Rally?
  • Reagan’s America Remembered by Your Survival Guy and More
  • What Happens if the “Fed Put” Is Over for Good?
  • Tom Brady Retires, Again. Should You?
  • What Kind of Life Are You Investing For?
  • Warren Miller: If You Don’t Do It This Year, You’ll Be…
  • Are the Realists Winning the Debate over the Future of EVs?

RSS Yoursurvivalguy.com

  • Your Retirement Life: Adventure Awaits
  • Zumwalt-Class Guided Missile Destroyers to Get Hypersonic Weapons
  • Early Advice from Her Dad on Tipping at Charlie Trotter’s
  • Treasury Bonds Ready to Rock and Roll
  • Survive and Thrive February 2023: 4 Life Changing Words: “You Should Try This”
  • Tom Brady Retires, Again. Should You?
  • Reagan’s America Remembered by Your Survival Guy and More
  • America’s Unprecedented Debt Problem
  • Iran’s Ballistic Missiles Could Give Russia the Edge in Ukraine
  • What Kind of Life Are You Investing For?

EVs and Human Trafficking/Modern Slavery

USA and Russia: A Global War for Resources?

TERROR TACTICS: Globalists Use Fear to Demand Compliance

Your Retirement Life: Adventure Awaits

Are Flights About to Get MORE Expensive?

Dick Young: Learn from Hillsdale College Online

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