• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • economic freedom

    Jim DeMint's Speech at CPAC 2013

    You may have heard that I recently received a big promotion. That’s right. I was promoted from the U.S. Senate and ranking member on the powerful Commerce Committee to The Heritage Foundation. Some people have wondered why I would leave the most debilitated body in the world to help lead … More

    Death of Chavez Could Resurrect Economic Freedom in Venezuela

    Although Hugo Chavez just died last week in Caracas, economic freedom predeceased him in Venezuela by at least a decade. When Chavez took power in 1999, the Venezuelan economy was rated at 54 points out of 100, according to The Heritage Foundation/Wall Street Journal’s annual Index of Economic Freedom. This … More

    Attention, Reporters: A Trade Deficit Is Not Bad

    The latest trade deficit figures are out, and, as always, most reports fail to accurately explain what these numbers mean. Consider the following widely reported statement: A narrower trade gap boosts growth because it means U.S. companies are earning more from overseas sales while U.S. consumers and businesses are spending … More

    Post-Chávez, Caribbean Should Snub PetroCaribe

    As some Venezuelans mourn the death of populist President Hugo Chávez, their northern neighbors in the Caribbean Basin shouldn’t shed a tear. In 2005, members of the Caribbean Community (CARICOM) sold out on free markets for the price of Chávez’s oil diplomacy by signing up for PetroCaribe, a financing agreement … More

    Advancing Economic Freedom: Leading from Behind Doesn’t Work

    Advancing economic freedom around the world has markedly stagnated in recent years, particularly due to the lack of America’s leadership, says Terry Miller, chief editor of The Heritage Foundation’s Index of Economic Freedom, in a recent interview with the Langley Intelligence Group Network. According to Miller: Historically, the United States … More

    America’s Next Trade Chief Should Focus on Promoting Greater Trade Freedom

    Senator Max Baucus (D–MT), chairman of Senate Finance Committee, urged strong and unrelenting political leadership in pursuing a comprehensive free trade pact between the U.S. and the European Union. He highlighted the importance of choosing an effective and experienced leader as America’s next trade czar in his recent Financial Times … More

    Latin America: If You Want to Lower Inflation, Avoid Price Controls!

    The recently reelected president of Ecuador, Rafael Correa, wants people to know he is determined to fight inflation through combating “speculation.” A noble goal, to be sure. But the weapons chosen for that battle by President Correa—a PhD economist trained at the University of Illinois—actually will doom his anti-inflation campaign. … More

    America’s Double Jeopardy: Surging Debt and Waning Economic Freedom

    A new study on public debt presented at the recent University of Chicago Booth School of Business monetary policy forum in New York has highlighted “tipping point dynamics” that can occur to countries with high debt loads. The study entitled, Crunch Time: Fiscal Crises and the Role of Monetary Policy, … More

    Kosovo’s Independence Welcome, but Work Still to Be Done

    Republic of Kosovo’s Prime Minister Hashim Thaci, in his February 17 speech commemorating the 5th anniversary of the country’s independence, expressed pride in his country’s visible accomplishments, but noted appropriately his awareness that “we need to do much more.” Indeed. Despite notable reforms since independence, the foundations of economic freedom … More

    Heritage's Feulner in South Korea to Welcome Its New President

    Heritage Foundation President Dr. Edwin Feulner is in South Korea on Monday attending the inauguration of Park Geun-hye as that nation’s new president and successor to Lee Myung-bak. Feulner has remained a stalwart advocate for Korea-U.S. relations for more than 40 years, and in that time has met with every … More