Global economic freedom in 2011? The United States comes in #9! Who is #1?

06-03-2011 • The Economic Spy

The Wall Street Journal and the Heritage Foundation use 10 separate benchmarks to determine, in 183 countries, economic success. The 2011 Index of Economic Freedom is the latest chapter in this study that has been taking place since 1995. The question is asked, “What is economic freedom?” “Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please, with that freedom both protected by the state and unconstrained by the state. In economically free societies, governments allow labor, capital and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself.”