Economic Freedom Rated : US 16th & Falling

Economic freedom - the United States is in economic decline as it is rated 16th and falling. And it's not just the economy that is falling apart, the moral and religious standing in the United States is beginning to resemble that of many third world countries.

Little wonder given an administration that believes the very country that they were elected to and have taken an oath to defend, has decided that it is the their duty to make sure the  2 most important aspects of this country Constitution be denigrated, the right to own property and personal freedom to chose.

But when the agenda and ideology of this administration is based on progressive socialism, much like that in old Europe, it make sense that driving the economy of the United States into decline to gain control of  the population, which is bed rock ideology of socialism, no further explanation is needed to understand why we are rated 16th and falling.

Economic Freedom of the World: 2015 Annual Report
Source: James Gwartney, Robert Lawson and Joshua Hall, " Economic Freedom of the World: 2015 Annual Report," Fraser Institute, 2015
September 18, 2015

The Fraser Institutes Annual report measures the degree of economic freedom in various countries around the world. The key principles of economic freedom are defined as personal choice, voluntary exchange, freedom to enter markets and compete, security of the person and privately owned property. Using 42 data points, economic freedom was measured in 157 countries and territories:

• size of government: expenses, taxes and enterprises
• legal structure and security of property rights
• access to sound money
• freedom to trade internationally
• regulation of credit, labor and business

Economically free nations out-perform non-free nations, and both political and civil liberties are considerably higher in economically free nations. Additionally the life expectancy of citizens of countries in the top quartile was 17 years longer than those in the bottom quartile.

• Hong Kong and Singapore were the top two countries for economic freedom.
• The United Kingdom was 10th; The United States was 16th; and Russia was 99th.
• The 10 lowest-rated economically free countries were Angola, Central African Republic, Zimbabwe, Algeria, Argentina, Syria, Chad, Libya, the Republic of Congo, and Venezuela.

The United States score in economic freedom has decreased since its 2000 rating, which researcher predict could cut the U.S. growth rate by 1.5 percent. The specific areas of decline for the United States were in international trade, regulation, legal system and protection of property rights.
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