We’re number 18! We’re number 18! Doesn’t exactly have a great ring to it, does it? Check out the newly-released report (full ranking is on page 10 of the downloaded document) from our friends at the Fraser Institute. Not surprisingly, while the Obama Administration’s policies has hastened our fall from number 3 back in 2000, President George W. Bush played a big role in the downfall of the US on this all-encompassing report on economic freedom.
A few countries that have surpassed us in terms of economic freedom followed by their ranking:
Hong Kong 1
If you are interested in finding out more about this index and the decline of the US economy, check out this podcast interview with one of the authors from Cato Institute.