Tuesday, September 25, 2012

US drops way below Canada in Economic Freedom

The US used to lead the world in providing the conditions for growth of the economy and jobs. Jobs! But we are hurting ourselves by allowing regulations to grow and refusing to cut spending when we are out of money. On the other hand… Canada...

National Post Canada

Canada has taken its place among the Top 5 countries with the most economic freedom, according to a new Fraser Institute report — now leaps and bounds ahead of the United States thanks to the gradual shrinking of the Canadian government since the mid-1990s as America’s just got bigger.

The annual Economic Freedom of the World report, released Tuesday, has Canada tied in fifth place with Australia — up one spot from last year. Hong Kong remains at the top, Singapore’s next, then New Zealand.

Meanwhile, the United States, once a “standard bearer” of economic liberty among industrial nations, spiralled 10 spots from the 2011 rankings to 18th place — its lowest position ever, and a huge drop from its second place spot in 2000.

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