America's Dwindling Economic Freedom

Regulation, taxes and debt knock the U.S. out of the world's top 10.  

Click here to read this WSJ article by Terry Miller. Mr. Miller is the director of the Center for International Trade and Economics at the Heritage Foundation. Excerpts:

"... after seven straight years of decline, the U.S. has dropped out of the top 10 most economically free countries."

"Countries achieving higher levels of economic freedom consistently and measurably outperform others in economic growth, long-term prosperity and social progress."

"Despite financial crises and recessions, the global economy has expanded by nearly 70% in 20 years, to $54 trillion in 2012 from $32 trillion in 1993. Hundreds of millions of people have left grinding poverty behind as their economies have become freer. But it is an appalling, avoidable human tragedy how many of the world's peoples remain unfree—and poor."