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  • Puerto Rico: America’s Greece

    Pop quiz: Which economy has high unemployment, soaring debt, and beautiful beaches? If you answered Greece, you wouldn’t be wrong. But the answer is America’s own little Greece: Puerto Rico, whose bond investors met last week in New York to discuss a potential debt restructuring. As the U.S. recovery has … More

    What Bitcoin Tells Us About Economic Freedom

    Chinese regulators are cracking down on Bitcoin, the anonymous open-source virtual currency. Officials at China’s central bank announced this week that they were banning all third-party payment processors from accepting Bitcoin, effectively shutting down the exchanges they are sold on. This is nothing new. Regulators have been interested in Bitcoin … More

    Four Charts on How Economic Freedom Makes Your Life Better

    Political gridlock, the government shutdown, and Obamacare are making Americans gloomy. But, largely thanks to economic freedom and the free-market system, things aren’t so bad after all. Americans are currently healthier than at any time in history, live in cleaner environments than most of the world, and have access to … More

    A Swedish (Economic) Lesson for President Obama in One Chart

    President Obama is making the first ever bilateral visit to Sweden by a sitting U.S. President. As The Heritage Foundation and Swedish think tank Timbro discussed in a recent Google Hangout, the President should learn from Sweden that advancing economic freedom, not big-government policies, is the driver of economic dynamism. … More

    Are These Senators Regretting Their Export-Import Bank Votes?

    For some lawmakers, corporate welfare is okay, unless it hurts someone in their district. Four lawmakers from Minnesota and Michigan are up in arms over a proposed $650 million financing deal for Roy Hill, an Australian mining company. The deal, backed by the Export-Import Bank, the U.S. government’s export credit … More

    Economic Freedom: Unleashing the Potential of the World’s Poor

    When the government gets in the way, sometimes even the hardest-working people get stuck in poverty. In Nepal, where more than one-quarter of the population lives below the poverty line, small local shops known as Kirana Pasals are forced to operate in the informal, black market economy because of high … More

    As Commodities Prices Fall, Economic Freedom Should Rise

    New reports are hinting that an end to the decade-long run-up of the prices of commodities prices is here. For years, emerging markets such as China rapidly sucked up natural resources to fuel their hasty economic expansions, inflating the cost of commodities such as coal, iron, and oil. Meanwhile, resource-endowed … More

    Imports: Let’s Hear More Economic Sense Like This from the President

    As President Obama heads to Chattanooga, Tennessee, today to give a speech at an Amazon.com fulfillment facility, he finally seems to be coming around on the positive effects that imports have on the economy. For a long time, the President failed to acknowledge that both exports and imports create jobs … More

    Why Don't We Have Free Trade with Every Country?

    With a July 31 expiration date fast approaching, both the House and Senate last week introduced legislation that would extend free trade preferences to developing countries under the Generalized System of Preferences (GSP). Introduced with broad bipartisan support, the extension was lauded by both sides of the aisle for supporting … More

    G8 Summit: Fight Global Hunger with Economic Freedom

    This week, President Obama is in Lough Erne, Northern Ireland, for the G8 summit, an annual meeting of the world’s wealthiest countries: the U.S., Canada, France, Germany, Italy, Japan, Russia, and the United Kingdom. Last year, world hunger was on the agenda as the President hosted G8 leaders at his … More