The US Has the Worst Rating Since 1995 on the Latest Index of Economic Freedom

[rangerrebew]

The US Has the Worst Rating Since 1995 on the Latest Index of Economic Freedom
 
Rainer Zitelmann
Feb 27, 2024
 
 
According to the latest Index of Economic Freedom, which has just been published, the level of economic freedom in the United States is at its lowest point since the index was first compiled. The Heritage Foundation has been analyzing the development of economic freedom around the world every year since 1995; the current ranking covers 176 countries and is based on assessments of 12 specific criteria.
 

Only four countries (Singapore, Switzerland, Ireland, and Taiwan) are deemed “free” in the fullest sense of the word, while 22 countries are considered “mostly free.” The United States only just scrapes into this group with a score of 70.1 out of 100 possible points; losing another 0.2 points would see the U.S. lose its “mostly free” status. “Big-government policies have eroded limits on government,” the Heritage Foundation reports. “Public spending continues to rise, and the regulatory burden on business has increased. Restoring the U.S. economy to ‘free’ status will require significant changes to reduce the size and scope of government. Over the years, unchecked deficit spending and government debt have accelerated, and inflation has undercut economic livelihood. Uncertainty and poor policy choices have left the U.S. economic outlook in flux.”

There are now as many as 15 European countries that are more economically free than the U.S. The ranking refutes the lopsided view that the United States is the country of “pure capitalism” and that a system resembling “democratic socialism” prevails in Europe, especially in the Scandinavian countries. Norway, Sweden, and Denmark are among the 10 most capitalist countries in the world. And while the U.S. has lost almost seven points since 1995, Sweden has gained 16 points in the same period and is now in ninth place; Denmark even makes it as high as seventh.

https://townhall.com/columnists/rainerzitelmann/2024/02/27/the-us-has-the-worst-rating-since-1995-on-the-latest-index-of-economic-freedom-n2635786

[libertybele]

Take note; worst rating in almost 30 years! Who gets credit for this Evil Joe or DJT or both???

"....Losing another 0.2 points would see the U.S. lose its “mostly free” status. Big-government policies have eroded limits on government....

[Free Vulcan]

What a farce. I'd love to go back to 1995, it's was far better then than now.

[libertybele]

What a farce. I'd love to go back to 1995, it's was far better then than now.

The gov't and our country were in far better shape that is for sure, with that being said however, Clinton was president.  He did produce a balanced budget. Like him or not Slick Willy was far better than Evil Joe. There's just no comparison. 

Perhaps the biggest take away on this is that the Republicans controlled both the House and the Senate in 1995 for the first time since 1955 and Clinton was successful in reaching across the aisle.

[DefiantMassRINO]

The 1990s, especially the middle and the end, was America's last Golden Age.

There was upward mobility, wealth creation, price stability, and the Federal Government had a budget surplus, not deficit.

We're now experiencing The 2nd Great Malaise.

[berdie]

The gov't and our country were in far better shape that is for sure, with that being said however, Clinton was president.  He did produce a balanced budget. Like him or not Slick Willy was far better than Evil Joe. There's just no comparison. 

Perhaps the biggest take away on this is that the Republicans controlled both the House and the Senate in 1995 for the first time since 1955 and Clinton was successful in reaching across the aisle.

Clinton was successful. But Newt had a lot to do with it. Obama and Biden are the only people that could make me think Clinton wasn't so bad, lol.

[LMAO]

Clinton was successful. But Newt had a lot to do with it.

John Kasich more so