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  • Europe 2010: A Glimpse of America’s Economic Future?

    The Greek financial crisis and its spillover effects in Europe provide a scary look at America’s possible economic future if we don’t get our economic house in order. Underneath the big bailout numbers ($146 billion rescue package for Greece; trillion dollar support for the Euro and European government bonds) are … More

    Politics and Economics: A Deadly Mixture

    The tragic events unfolding in Greece, where at least three people have died in political rioting protesting austerity measures being imposed as part of an EU and IMF financial bailout, is a vivid reminder of the danger when the line between government and commerce is blurred or destroyed. In a … More

    The Liberal’s Biggest Blind Spot: Who Really Rakes In Their Government Largesse?

    In recent days, some blogging friends from the left have commented on the U.S. dropping from “free” to “mostly free” in the 2010 Index of Economic Freedom, the Heritage Foundation’s data driven policy guide. The Huffington Post picks up on the long-term erosion of economic freedom in which both political … More

    To Cut Unemployment, Opt for Economic Freedom

    The Fundacion para el Análisis y los Estudios Sociales of Spain recently sponsored presentations on the 2010 Index of Economic Freedom (www.heritage.org/index) in Madrid and Barcelona. Discussion centered on Spain’s 18 percent unemployment rate, the highest in Europe, and its labor market regulations that are among the most severe in … More

    Currency Policy: A Matter of Life or Death

    The execution last week of a senior economics official in the North Korean government over a botched currency reform reminds us of that no parody of repressive government can fully capture the backwardness and evil of the North Korean regime. If any good can come of such a perversion of … More

    Obama’s Mercantilist Approach to Trade

    The Obama Administration’s 2010 Trade Agenda, unveiled March 1, is a radical departure from traditional American economic policy and values. It abandons not just the 65 years of trade liberalization on which American and world economic prosperity has been built since the end of World War II, but attempts to … More

    Economic Freedom: The Key to Making Our Prosperity Enduring

    The President asserted during a major speech in January: “One of the greatest contributions the United States can make to the world is to promote freedom,” he said. “A creative, competitive America is the answer to a changing world, not trade wars that would close doors, create greater barriers and … More

    The U.S. Isn't as Free as It Used to Be

    The United States is losing ground to its major competitors in the global marketplace, according to the 2010 Index of Economic Freedom released today by the Heritage Foundation and The Wall Street Journal. This year, of the world’s 20 largest economies, the U.S. suffered the largest drop in overall economic … More

    A Trillion Dollars of Smoke and Mirrors

    News reports indicate that the G-20 pledged an additional $1.1 trillion in financing for the International Monetary Fund, the World Bank and other global institutions so that they can help countries cope with the global economic crisis. The details of the proposal are virtually non-existent, i.e. exactly who will be … More

    The 2009 Index of Economic Freedom

    For 15 years, The Wall Street Journal and The Heritage Foundation have been measuring countries’ commitment to free-market capitalism in the “Index of Economic Freedom.” The 2009 Index, published this week, provides strong evidence that the countries that maintain the freest economies do the best job of promoting prosperity for … More