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  • Property Rights: Key to Generating Wealth and Stability

    “Confronting Egypt is a festering economic crisis that threatens to shatter that nation’s [already] fragile social peace and alter political orientation. For too many years Cairo has postponed sorely needed structural economic reforms.” These words are a somber assessment given to Egypt’s lack of institutional reform by The Heritage Foundation … More

    Greater Economic Freedom Is Key to Egypt’s Future

    Ordinary people in Egypt are calling for greater economic freedom. In fact, “people power” has risen against government corruption and the lack of meaningful reform progress. The stagnant economy has long kept many of Egypt’s 80 million citizens deprived of economic opportunity. Particularly, the young in Egypt have been increasingly … More

    Colombia’s Stride Toward Greater Freedom

    Colombia has unmistakably made political and economic transformation over the past years. As pointed out by Freedom House, in a world where authoritarianism is advancing and electoral democracy is unfortunately recoiling, Colombia has made notable improvements that make the country stand out against such a trend. Along with its free … More

    Advance Competitiveness Through Economic Freedom

    Early this year, The Heritage Foundation’s Index of Economic Freedom reported that the U.S. economy is no longer in the top tier of economically free countries and runs the risk of falling further behind. This disappointing news is vividly echoed in World Economic Forum’s just-released study, Global Competitiveness Report 2010-2011. … More

    Milton Friedman’s 98th Birthday: His Wisdom Shines Brighter Than Ever

    Tomorrow, July 31, would be Milton Friedman’s 98th birthday. To honor the great man, we offer a quote that, though written three decades ago, is shockingly relevant today. In his last major work, Free to Choose, Friedman wrote words of hope: Fortunately, we are waking up. We are again recognizing … More

    Promoting Economic Freedom Is the Best Foreign Aid

    The new U.K. coalition government’s strong ongoing support for foreign aid may be one area where it is out of touch with the British electorate. According to a recent poll, the British public identifies foreign aid as one of the top three priorities for spending cuts. Nearly half the respondents … More

    Time to Go Global with Greater Economic Freedom

    The latest study by the McKinsey Global Institute reveals some astonishing facts concerning contributions of U.S. global companies to the American economy.  According to the report: With their share less than ONE percent of the total number of U.S. companies, U.S. international companies employ almost 20 percent of the U.S. … More

    The Seoul Stumbling Blocks on Trade

    After more than a year of stalling, President Obama seems finally to have recognized the political imperative of pushing ahead with the South Korean free-trade deal; America’s biggest trade pact since NAFTA. “It is the right thing to do for our country. It is the right thing to do for … More

    Keynes vs. Hayek = Obama vs. Merkel?

    They are getting together again. This weekend in Toronto, Canada, President Obama and German Chancellor Merkel reconvene at the G-20 Summit to figure out how to move the global economy forward. The two leaders are indeed extraordinary and remarkable in many ways. President Obama is the first African American President … More

    G-20 Needs to Emphasize Competition, Not Harmonization

    In a June 5 communiqué, G-20 Finance Ministers collectively recognized that, recent events highlight the importance of sustainable public finances and the need for our countries to put in place credible, growth-friendly measures, to deliver fiscal sustainability, differentiated for and tailored to national circumstances. The words “differentiated for and tailored … More