Thursday, January 29, 2015

The Wall Street Journal and the Heritage Foundation have just released their 21st annual Index of Economic Freedom.

The United States’ economic freedom score is 76.2, making its economy the 12th freest in the 2015 Index. Its score is 0.7 point higher than last year, with modest gains in six of the 10 economic freedoms, including control of government spending, outweighing a slight decline in business freedom.

Although the precipitous downward spiral in U.S. economic freedom since 2008 has come to a halt in the 2015 Index, a 1.6-point decline in overall economic freedom over the past five years reflects broad-based deteriorations in key policy areas, particularly those related to upholding the rule of law and limited government. Continuing to trail such comparable economies as Australia, New Zealand, Switzerland, and Canada, America has been ranked “mostly free” since 2010.

The anemic post-recession recovery has been characterized by slow growth, high unemployment, a decrease in the number of Americans seeking work, and great uncertainty that has held back investment. Increased tax and regulatory burdens, aggravated by favoritism toward entrenched interests, have undercut America’s historically dynamic entrepreneurial growth.

p.s.  Rick found it in the WSJ.  
 
 
 

6 comments:

  1. Yes you did that right wing rag with input from your favorite Washington think tank. Biased as hell as usual Lou.

    ReplyDelete
    Replies
    1. Who would have thought the WSJ is a right wing rag.

      Read the survey from LA.EDU, probably a right wing school.

      If I could I would delete the post make you happy.

      Nothing you post is the least bit biased. ROTFLMAO.

      Delete
    2. Everything in the world is biased by someone Lou. Everything.

      Delete
    3. And the WSJ wasn't always but it is influenced by it's new owner News Corp now. Keep up Lou it went right a few years ago.

      Delete
    4. Iouman, thought you might like to know, Obama has abandoned his plan to tax earnings on 529 college savings plans after severe criticism from his supporters.

      Delete
    5. Mick,
      Guess someone told him who it would hurt the most.

      Delete