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“Canada Now Boasts North America’s Freest Economy”

January 20, 2010

I’m guessing Wee Willie Wilkinson is even happier he’s Canuck. The new Index of Economic Freedom is out and the U.S. is falling off the charts:

The U.S. lost ground on many fronts. Scores declined in seven of the 10 categories of economic freedom. Losses were particularly significant in the areas of financial and monetary freedom and property rights. Driving it all were the federal government’s interventionist responses to the financial and economic crises of the last two years, which have included politically influenced regulatory changes, protectionist trade restrictions, massive stimulus spending and bailouts of financial and automotive firms deemed “too big to fail.” These policies have resulted in job losses, discouraged entrepreneurship, and saddled America with unprecedented government deficits.

Here’s the kicker:

for the first time in the Index’s 16-year history, the U.S. has fallen out of the elite group of countries identified as “economically free” by the objective measures of the Index.

  1. Mike Gibson permalink*
    January 20, 2010 10:49 pm

    Ahhhhh, just screwin’ around, spicing up a lousy lede. You can call me Mikey, if you like!

    Mainly I like to commend your efforts. You’ve done a great job showing how popular beliefs about Canadian and Scandinavian governance are not accurate. And the flipside, too: you’ve also documented how far the US falls short of its imagined ideal.

  2. January 20, 2010 9:10 pm

    Go Canada!

    Why the diminutive, Michael?

  3. January 20, 2010 7:14 pm

    Time to locate the first seastead off the coast of Vancouver instead of SF, show some support for our bros up north.


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