In the latest report on world economic freedom from the Fraser Institute, the U.S. has now dropped all the way down to 18th, falling behind countries like Bahrain, the United Arab Emirates, Estonia, Taiwan and Qatar.When Michael Moore and other liberals talk about how we should be more like our Northern neighbors, they may be more right than they realize...
The decline did not happen overnight. “This entire decade we’ve been sliding towards this 18th ranking,” report author Joshua Hall explained to The Daily Caller News Foundation.
The growth of government and less secure property rights have the most to do with the United States’ drop.
“I think we think of the underlying causes of our decline in legal system and property rights, the Supreme Court’s Kelo decision [over eminent domain], the war on terror, and things related to the rule of law, things like TARP and the bail outs, have all contributed to the decline of scores in areas one and two,” Hall explained.
Thursday, September 20, 2012
And now, something else to not be proud of: