The clock is ticking. Massive tax hikes are threatening to push America’s already declining economic freedom over the “fiscal cliff,” a politician-made economic catastrophe. President Obama’s proposal to avert the fiscal cliff is a $1.6 trillion tax hike plus new stimulus spending, along with expanded power for himself to raise …
According to the World Bank’s just-released Doing Business 2013—which looks into various reform measures to rank 185 economies on the ease of doing business—the United States continues to trail Singapore, Hong Kong, and New Zealand. The only surprise is that the U.S. didn’t drop further in the rankings. According to …
In his October 1 speech to the 45th Annual Meeting of the Association of American Chambers of Commerce in Latin America, World Bank President Jim Yong Kim made his pitch to (re)assure private business leaders that he is serious about private-sector-driven economic growth and development. In a rather confessional tone, …
In his recent commentary, Congressman Devin Nunes (R–CA) penned a bold foreign policy idea that is based on advancing economic freedom: It’s time to try a new approach to foreign policy—creating an alliance of free-trading nations.… This alliance of free-trading nations will welcome any nation that wants close relations with …
A recent Canadian study examining average household wealth in Canada and the U.S. reported something quite shocking. According to the study, the average Canadian has a net worth of $363,202, compared to $319,970 for the average American. While headline writers have touted this as a vindication of socialism, the reality …
In its latest joint report with the Organization for Economic Cooperation and Development and the United Nations Conference on Trade and Development, the World Trade Organization (WTO) issued sharp warnings on global trade restrictions: The past seven months have not witnessed any slowdown in the imposition of new trade restrictions. …
Did you know that President Obama’s “Yes, We Can” Administration has been funding a research project to invent a composite index that measures happiness? Yes, you read right—an aggregate index that aims to compute your happiness, mine, and our nation’s. Everybody wants to be happy, and it might be nice …
Voters in five European countries—France, Germany, Greece, Italy, and Serbia—go to the polls on May 6. Election outcomes, particularly in France and Greece, are likely to ratchet up uncertainty about the future of the European Union. In a somber, warning tone, a group of concerned French economists penned a public …
