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Posts Tagged ‘Index of Economic Freedom’

On the January 31, 2015 episode of Exposing Faux Capitalism with Jason Erb, I discussed:

Publicity stunts, Donald Trump, Chuck Todd, Alex Jones, Christianity as an easy target, local churches shutting down, and the 2015 Index of Economic Freedom.

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Australia’s ahead of Canada, in getting its first explicitly libertarian parliamentarian — Senator David Leyonhjelm.

It shouldn’t come as much of a surprise, given Australia’s high Economic Freedom Index rating for several years in a row by the Heritage Foundation, with its 2014 rating of third place compared to Canada in sixth place and the United States as low as 11th place.

It sure helped that Australia now has an elected senate, as there’s no way an open libertarian would be appointed to any legislative body in a parliamentary system.

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Ellen BrownEllen Brown was on the Progressive Radio News Hour with Stephen Lendman on January 26, 2014, and here were some of the highlights:

– Her candidacy for Treasurer of California, where she intends to invest $75 billion of public funds in a public bank, instead of speculative Wall Street investments.
– The third annual Public Banking Institute conference to be held in Detroit in 2014
– Costa Rica’s banking system 80% publicly owned (Ed. They were ranked 53th most economically free out of 178 countries in the 2014 Index of Economic Freedom, ahead of Mexico and France).
– California governor Jerry Brown shocked at banks making 10 times the principal off of loans, regulated it down to four times the amount — still too high!
– The Bank of North Dakota the only publicly-owned deposit bank in the U.S. that serves the people
– Credit card companies making 2% off of purchases, and until recently, State laws prohibited retailers from charging a lower price for cash purchases.
– Her support for a new Bill of Rights to provide for housing, basic health care, etc. (This is one of the few points I disagree with her)

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Canada has held its sixth place ranking out of 178 ranked countries in the conservative Heritage Foundation’s 2014 Index of Economic Freedom, with an overall score of 80.2 in the free category, with the U.S. dropping to 12th place, with an overall score of 75.5 in the mostly free category.

Canada exceeds the United States in 8 out of 10 components of economic freedom, being surpassed only in government spending and labor freedom:

Canada vs. the United States
Property Rights 90.0 vs. 80.0
Freedom From Corruption 87.7 vs. 72.0
Government Spending 47.3 vs. 48.1
Fiscal Freedom 79.7 vs. 65.8
Business Freedom 89.3 vs. 89.2
Labor Freedom 83.1 vs. 97.2
Monetary Freedom 76.3 vs. 75.4
Trade Freedom 88.3 vs. 86.8
Investment Freedom 80.0 vs. 70.0
Financial Freedom 80.0 vs. 70.0

For more on these rankings, see my past articles:

1) Will the United States fall off the top 10 list of most economically free countries, according to the Heritage Foundation?

2) Canada more economically free than the United States for fourth year in a row: Heritage Foundation

3) Once founded as a limited government whose powers are “few and defined”, the United States federal government is more centralized and expansive than Canada’s

4) Still think Canada is more socialist than the United States? — The joke’s on you?

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United StatesFor four consecutive years since 2010, Canada has been ranked more economically free than the United States.

As of 2013, Canada was ranked as the 6th most economically free country in the world, with a freedom index of 79.4, with the U.S. ranking in 10th place, with a freedom index of 76.0.

Embarrassingly for the U.S., “socialist” Denmark and “third world” Chile outranked it.

I thought that the U.S. might have slipped off the Top 10 list in 2013, thanks to the upholding of Obamacare, but the big drop in Ireland’s freedom let the U.S. stay there another year. With 11th place finisher, Ireland, just 0.3 points below the U.S., and its increasing government regulation, it would be difficult for it to supplant the U.S., unless the increasing government intrusion into the private sector has fully seen its effects in the U.S. economy.

On two occasions now, I have appeared as a guest on Radio Liberty with Dr. Stan Monteith, making the case for Canada’s relatively freer economy being due to its increasing adherence to the founding principles of American government, and its increasing deviation away from the founding principles of Canadian government.

In mid-January 2014, we will see their latest rankings.

In the meantime, there are still “alternative” voices making unsupported claims, like Canada being more “socialist” than the United States, as guest Brad Thor did on “America’s most listened-to late night talk show”, Coast to Coast AM, which I have documented is a gatekeeping operation.

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English: Map of the Arabic Peninsula, displayi...Despite the rhetoric of anti-Islam bashers, including those regularly featured by the Zionist controllers of Coast to Coast AM, five Muslim countries are ranked more economically free than Israel in the conservative Heritage Foundation’s 2013 Index of Economic Freedom.

They are (with an index out of 100):

12th Bahrain (75.5)
27th Qatar (71.3)
28th United Arab Emirates (71.1)
33rd Jordan (70.4)
45th Oman (68.1)

Israel is ranked in 51st place with a 66.9/100 index, embarrassingly only slightly ahead of Jamaica, with an index of 66.8.

The excuse may be that they are rich Gulf oil states, but Saudi Arabia is in 82nd place, and Jordan is a notable exception, showing that lots of oil doesn’t equal a high economic freedom rating, nor is it a necessity.

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Canada has held its sixth place ranking out of 177 ranked countries in the conservative Heritage Foundation’s 2013 Index of Economic Freedom, with an overall score of 79.4, with the U.S. holding its tenth place ranking, with an overall score of 76.0.

Canada now exceeds the United States in 8 out of 10 components of economic freedom, being surpassed only in government spending and labor freedom:

Canada vs. the United States
Property Rights 90.0 vs. 85.0
Freedom From Corruption 87.0 vs. 71.0
Government Spending 44.8 vs. 47.8
Fiscal Freedom 79.8 vs. 69.3
Business Freedom 91.7 vs. 90.5
Labor Freedom 82.3 vs. 95.5
Monetary Freedom 75.2 vs. 75.0
Trade Freedom 88.2 vs. 86.4
Investment Freedom 75.0 vs. 70.0
Financial Freedom 80.0 vs. 70.0

I’ll be discussing these results in an upcoming episode of my radio program, Exposing Faux Capitalism, airing every Sunday from 1 to 3 PM Eastern on Oracle Broadcasting.

Previously, I wrote the article, Still think Canada is more socialist than the United States? The joke’s on you.

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