Sunday, January 18, 2009

Economic Freedom is Key to Capital Formation

The Heritage Foundation is providing good leadership to this country with honest and common sensed based ideas that will work to free us from government domination. Even the most deranged among us on left, and some in the center and on the right politically, will notice the change in our country when we are completely under the thumb of a totalitarian government.

What this means is no matter what we do, or want to do, we can't without permission from some bureaucrat. If you think this isn't happening right now, take a close look at the EPA, the DNR and how they control just about everything in our lives. Energy generation - no new coal fired plants or nuclear powered plants. Wind and solar is better but won't provide enough electricity - Too bad! Land use - what we can and can not do with our own property - what's next - no private property - it's too important to be left in the hands of private citizens - others know better what's best for the planet.

Believe it - now with the threat of new taxes on corporations for carbon emissions, "cap and trade", arbitrary taxes on fuel for our cars and t0 heat and cool our homes, denial of common and plentiful energy resources because others have decided it is more important to use alternative sources of energy rather than keeping our homes heated or driving our cars.

Whats next? What is the future of big government run by ideologues. Permits will be required to travel from state to state - licenses issued for travel to only certain areas of the state - cars that must not weigh more than a certain amount, period - ration cards for fuel - present prices on all fuel based on how much money you make or are allowed to make. (The more you make the more you pay.)

There is more but what's the use - it can't happen here - this is America. Think so? Maybe not, but with so may people ready and willing to accept any form of control from others so they don't have to make any decision on their own - it doesn't bode well for us or future generaions.

It's the lotto/victim mantality - people want the quick fix to everything, and when it doesn't happen they become victims -

I fear for our county. But keep the faith and fight on - the battle rages.

America Less Free Than in 2008
By Nathaniel Ward January 15, 2009


The United States economy is less free than it was a year ago, according to the latest edition of the Index of Economic Freedom.

On Heritage's blog, The Foundry, Heritage expert and Index co-editor Terry Miller warns that America is in trouble. "The U.S. slipped one spot to sixth place this year because of increases in both tax revenue and government spending as a percentage of GDP."

"Hong Kong and Singapore are once again the freest economies in the world," he continues, "followed in the rankings by Australia, Ireland and New Zealand."


The Index, a joint project of The Heritage Foundation and The Wall Street Journal, ranks 183 countries on a set of empirical criteria and confirms the link between freedom and prosperity.
America's latest economic policies are likely to worsen its score in the next Index, Heritage President Ed Feulner says. "Some of the policies undertaken or planned by governments to respond to the worldwide recession are likely to threaten long-term economic freedom, and thus endanger future economic growth. Certainly if the U.S. continues on its present course, all things being equal, its economic freedom score will decline next year."

Miller explains the core findings of the new Index in Tuesday's Wall Street Journal:
The positive correlation between economic freedom and national income is confirmed yet again by this year's data. The freest countries enjoy per capita incomes over 10 times higher than those in countries ranked as "repressed." This year, for the first time, the Index also correlates economic freedom with important societal values like poverty reduction, human development, political freedom and environmental protection. The linkages are robust, with economically freer countries performing significantly better on every indicator of well-being.


The 2009 Index has several key improvements, including a significant expansion of country coverage, new regional coverage and a fine-tuned labor freedom component.

This is the 15th edition of the Index, which is meant "to advance individual freedom, civil society, and prosperity around the world."
—David Talbot

No comments: