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After seven years of continuous decline in the rating, the US has gone down to 12th place in the 2014 Index of Economic Freedom. The report says the US is the only country to show such a prolonged decline.
The falling ranking was primarily caused by large reductions in property rights, freedom from corruption, and increasing government spending, says the study."
After seven years of continuous decline in the rating, the US has gone down to 12th place in the 2014 Index of Economic Freedom. The report says the US is the only country to show such a prolonged decline.
The falling ranking was primarily caused by large reductions in property rights, freedom from corruption, and increasing government spending, says the study."
Is this decline going to continue,any hope this will change soon,what's your take on this issue ?
I imagine healthcare had an affect on this. It must be easier to have economic freedom with fewer regulations if you have single payer national health care. Then there was also that pesky financial collapse due to allowing banks total economic freedom with no regulation whatsoever. That forced the feds to regulate interest rates as thousands lost their homes, which cannot be helpful to economic freedom.
Fear mongering maybe ? but if the numbers turn out to be authentic then it's really bad news for the US economy,especially if ad other bad news like this one
Sometimes regulation is a good thing. Lack of it was a major contributor to the 2008 crash.
Let's be real,Russia has never constituted a serious challenge to the US on the economic level, the country that is most likely to challenge the US would be China.
Let's be real,Russia has never constituted a serious challenge to the US on the economic level, the country that is most likely to challenge the US would be China.
China is at #137. That ought to tell you how little this ideologically-driven index has to do with a country's actual economic health.
China is at #137. That ought to tell you how little this ideologically-driven index has to do with a country's actual economic health.
That's a different index,this is about 10 economic freedom ranking
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