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An Island of Peace and Prosperity

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Originally posted April 28, 2015.

Richard W. Rahn, senior fellow at the Cato Institute, reports that, according to the United Nations, the #1 place to be happy is Switzerland. The United States, for example, ranks #15.

Read here from our friend Richard Rahn how landlocked Switzerland, without much in the way of natural resources, with four official languages and many different religious groups, surrounded by warring neighbors, is arguably the most successful country in the world.

Switzerland now has a higher real per capita income than the United States, a lower unemployment rate (3.2 percent versus 5.5 percent), and approximately one-third the amount of government debt in relation to gross domestic product. According to the latest annual Economic Freedom of the World index, Switzerland ranks No. 4 in economic freedom while the United States ranks No. 12. And by the way, Switzerland has the second-highest life expectancy in the world, while the U.S. is far down the list.

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Debbie Young

Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.