There has been no boost in trade freedom over the last year, according to the forthcoming 2013 Index of Economic Freedom.

The global level of economic freedom rose steadily for 15 years, according to the Index, which Heritage publishes annually with the Wall Street Journal. Since 2011, however, economic freedom has stalled at a score of 74.5 out of 100. The United States recently fell from the ranks of free countries and is now classified as “mostly free.”

The Heritage Foundation’s Bryan Riley and Ambassador Terry Miller explain that increased economic freedom improves prosperity. In mathematical terms, it might look like this:

Fewer trade barriers = increased trade = more competitive markets = stronger economies, less hunger, and better treatment of the environment

Congress can promote both economic growth and economic freedom by:

  • Reducing tariffs on imported shoes and clothing
  • Ending restrictions on sugar imports
  • Stopping job-killing anti-dumping laws
  • Reversing “Buy American” laws
  • Ending the Merchant Marine Act of 1920 and the Passenger Vessel Services Act of 1886

As a leader of the free world, do you think the United States should be satisfied with the current global level of economic freedom?

Comments (5)

Orlando Krueger - November 8, 2012

How can this even become law since no senator or congressman has even read what they signed? Really, no representation of the people happened. How can a necessary operation be done say at 3 am by a specialist who, as I understand it, has to have permission from the Federal government to operate where time is of essence and seconds count. I think lives will be in jeopardy because of this “Obama Care”.

Helen Kamp - November 9, 2012

To the question, would answer NO

Jeff Yetter - November 9, 2012

Absolutely not. However, when the greatest economic engine on the planet sits on the side of the road with the hood up, smoking, what other result could be expected? Add to the overall malaise the fact that the mechanic working on the problem is a self-obsessed socialist with absolutely no understanding of, and no allegiance to, free market principles, bodes no good for the future. Way to vote, Freebie Lovers!

Jane Wasson - November 11, 2012

Yesterday there was a telephone discussion open to the
members between 10am & 11am Pacific Time. I missed
it & wonder where I can read or hear the messages ex-
changed between members. Thank you.

Author Nathaniel Ward - November 12, 2012

The teleconference recording will be posted on myHeritage this week as soon as it’s available.

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