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  • O Canada: Riding High on Greater Economic Freedom

    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 … More

    Trade Protectionism Is Clogging the World's Economic Arteries

    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. … More

    “I’m from the Government, and I’m Here to Make You Happy”

    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 … More

    A Cautionary Note from French Economists

    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 … More

    Sweden Is Not Just About ABBA and IKEA Anymore

    Sweden is known for, among other things, Swedish meatballs, the pop group ABBA, and IKEA. Well, here is another thing that Sweden should be recognized for: tax cuts. Yes, you heard right: tax cuts. Sweden used to tax corporations at a 60 percent rate. Now that has come down to … More

    Index of Economic Freedom: A Must Read for Dr. Kim

    Dr. Jim Yong Kim, the U.S. nominee for the next chief of the World Bank, has been on a “global listening tour.” Kim’s meet-and-greet tour has been billed as an opportunity “to solicit input and ideas on priorities for the World Bank.” Before embarking his expedition, Kim penned an op-ed … More

    Out of Portugal to Mozambique in Pursuit of Greater Economic Dynamism

    “Crazy!” A decade ago, that was the reaction to the idea of moving from Portugal to Mozambique. Now the idea seems not so crazy after all. According to a recent Financial Times article, a growing number of Portuguese—including lawyers, architects, and engineers—have chosen to head to quickly growing Mozambique in … More

    KORUS FTA—Finally!

    March 15 marked the official start of the landmark Korea–U.S. Free Trade Agreement (KORUS FTA). Yes, it’s been a long journey. Almost six years ago, Washington and Seoul announced their intention to negotiate a free-trade pact. Critics were skeptical, yet the announcement was greeted as a welcome surprise. Despite their … More

    Fed Reports on Bailouts and Moral Hazard

    Back in 2010, The Heritage Foundation’s Index of Economic Freedom first reported the shocking erosion of America’s long-cherished economic freedom. The interventionist policies put in place by the “Yes, We Can” Administration caused our nation’s economic freedom status to plunge from “free” to “mostly free.” The downward trend has continued … More

    The Chinese Economy at the Crossroads

    The World Bank’s latest report sounds a warning on China’s future economic growth, reiterating critical recommendations concerning the Chinese economy by The Heritage Foundation’s Index of Economic Freedom. The report makes a strong case that, if China is to keep up growth rates at even half the level it has … More