Sunday, March 19, 2017

Brittney Delpey: America's Rank Drops in Economic Freedom

Summary: This was written by Daniel Jennings from Off the Grid News and was written on March 8th, 2017. The article examines the Heritage Foundation’s Index of Economic Freedom which has ranked the U.S. as #17 in the world, and giving it the lowest score it has ever received in the index. The Index utilizes four basic pillars of economic freedom: Rule of Law, Government Size, Regulatory efficiency, and open markets. Their explanation for the decline in American economic freedom was that many citizens are facing large tax burdens, the size of the government is too large, and there is a severe lack of trust in administrative powers due to large practices of cronyism. World powers like China, Germany, and Japan ranked lower than the U.S. and North Korea received the lowest ranking of 180. 




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