Heritage: What is Happening to our Economic Freedom?

Today, The Heritage Foundation and the Wall Street Journal released the 2011 Index of Economic Freedom. The Index examines the economies of 183 countries, then scores and ranks them based on 10 factors, including things like government spending, labor policies and corruption.

While the overall average of the world’s economies became more free, the United States once again saw our economic freedom decline in both real terms and in our standing with the rest of the world. Heritage’s Terry Miller writes in the Wall Street Journal, “For the U.S. and U.K., the Index of Economic Freedom confirms what those countries’ voters already knew, that there is an urgent need for real change. The U.S. dropped to 9th place in the 2011 Index, with its lowest economic freedom score in a decade . . .”

Heritage also released a one-minute video to go along with the index which asks the question, Is the American Dream Dead?  Please check it out and share via e-mail, Facebook, or twitter.

You can find the full version of the Index online here, and if you would like a copy of our Highlights version, a quick reference overview, simply reply to this e-mail with your mailing address and I will send you one.

More from Heritage:

·         You may have heard that Congress will need to vote once again to raise the national debt ceiling. Check out our fact sheet on the timing and options available.

·         Heritage has produced a booklet called Slay the Beast explaining the mounting fiscal crisis facing our “debt-paying generation” (those ages 5-30). It is a great tool to communicate the issue and can be downloaded here.

·         Heritage continues its series adapted from our Guide to the Constitution, and looks at the important idea of federalism: The Constitution in One Sentence: Understanding the Tenth Amendment.

·         With gas prices on the rise, Heritage economist David Kreutzer examines Three Policy Changes to Help with Gasoline Prices.

·         And, many have asked what can be done about spending by the Pentagon. Heritage answers that question with its paper How to Save Money, Reform Processes, and Increase Efficiency in the Defense Department.

I occasionally send you the Memo to the Movement from the Conservative Action Project. The latest one, entitled Conservative Communiqué, is a list of priorities for 2011 and is attached. Please take a couple minutes to read it.