Posts Tagged ‘countries’

A recent study of the banknotes issued by 10 different countries has found, unsurprisingly, that richer countries have cleaner banknotes.

“Researchers found a “strong correlation” between the amount of bacteria per square centimeter on banknotes and a country’s ranking on the Index of Economic Freedom, Wageningen University in the Netherlands said on its website Monday.”

What doesn’t take any study to show, and is of far greater consequence to the holders of those notes, is which ones are directly issued effectively interest-free by the country’s central bank, such as those by China.

Personally, I’d take the dirtier bank notes issued interest-free over the cleaner ones issued at interest payable to a non-producer class, since the cost of soap and water is far less than the amount of interest that will be owed over the course of the lifetime of the debt associated with the notes.

I don’t think we’ll be hearing mention of such a comparison in Bloomberg any time soon, given that they are captivated by the Wall Street banking cartel, which itself is dominated by the illegal Federal Reserve banking cartel of the United States.

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The conservative Heritage Foundation, no friend of socialism, has ranked Canada ahead of the United States in economic freedom, at 7th and 8th place, respectively.

From their 2010 Index of Economic Freedom, the top 10 countries with the most economic freedom in descending order are:

  • Hong Kong, Singapore, Australia, New Zealand, Ireland, Switzerland, Canada, United States, Denmark, and Chile.

Ranked by Business Freedom, Trade Freedom, Fiscal Freedom, Government Spending, Monetary Freedom, Investment Freedom, Financial Freedom, Property Rights, Freedom from Corruption, and Labor Freedom, Canada beats the U.S. on 6 out of 10, ties on Investment Freedom, and falls behind only on Government Spending, Monetary Spending, and Labor Freedom.

Particularly embarrassing to the U.S. should be Canada’s ranking of 90% for Property Rights versus 85% for the U.S., given that the U.S. Constitution explicitly provides for just compensation for the taking of property, and the Canadian Constitution does not. Instead, it leaves property rights to the jurisdiction of the provincial legislatures. Even the Chinese Constitution provides for compensation for the taking of property, whereas Canada’s doesn’t.

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