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  • Index of Economic Freedom

    Trade Deficit Decrease May Reflect Weak Economy

    Today the U.S. Bureau of Economic Analysis announced that the trade deficit for July fell by $6.8 billion. Exports increased by $6.2 billion and imports decreased by $500 million. Historically, decreasing trade deficits are often a sign of economic weakness. When workers are unemployed, they have less money to spend. … More

    Losing Economic Freedom: U.K. Riots and the Moral Hazard of Dependency

    People have been shocked by the images of destruction and violence coming out of Great Britain in the past few days. But if they tracked the steady loss of freedom and the simultaneous rise in the number of Britons dependent on the largesse of the state over the past few … More

    Argentina: Cristina Ramps Up Protectionism

    Milton Friedman once said that “there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.” For most people in the world, this is a convincing argument. Not, … More

    “Freedom Cannot Be Denied”

    In his much-hyped speech on the Middle East and North Africa, President Obama made the case that “a moment of opportunity” in the region should not be lost. “Sometimes, in the course of history,” the President remarked, “the actions of ordinary citizens spark movements for change because they speak to … More

    A Pop Quiz on Imports!

    Consider three countries: 1) In Country 1, imports of goods and services are 29 percent the size of the country’s overall economy. 2) In Country 2, imports are 22 percent the size of the country’s economy. 3) In Country 3, imports are 14 percent the size of the country’s economy. … More

    Spoonful of Sugar Needed to Stomach U.S. Trade Policy

    Early American colonists, no strangers to the perils of intrusive government, protested the Molasses Act of 1733, which imposed taxes on imported sugar, rum, and molasses. Sugar taxes ignited a desire for trade freedom that helped lead to revolution. In the United States today, sugar policy consists of regulations and … More

    On Economic Freedom, Africa Should Be More Strategic Than China

    African Union chairman Jean Ping’s recent op-ed espouses China as the model of economic excellence to which African countries should aspire. Ping praises China’s globalization, particularly in enterprise development, trade, and investment in Africa. However, Ping structures his argument around a misinformed premise. He assumes that since China is a … More

    Egypt: It’s the Economy, Stupid

    The last chapter of Egyptian President Hosni Mubarak’s 30-year rule has come to a close. But, as Heritage Vice President Kim Holmes contends in yesterday’s Washington Times, change shouldn’t end with new elections or a restructured political system. Economic liberalization must be part and parcel of the greater reform process. … More

    Time of Reckoning Has Arrived

    The spread of economic freedom, reinforced by innovative ideas and entrepreneurial activities, has created forceful dynamics that generate greater economic opportunity and prosperity on an unprecedented scale in many parts of the globe. Unfortunately, the revolution has largely left the Middle East and North Africa behind. In the absence of … More

    Democracy and Economic Freedom: An Unbeatable Combination for the Middle East

    Democracy is the best way we know to choose leaders. Where individuals offering alternative visions or policies compete fairly and honestly for leadership, governments are regularly refreshed and cleansed of corruption. And of course, true democracy is about much more than elections. It involves the rule of law, political pluralism, … More