- Financial Survival Network
- Posts
- The Multiyear Decline in U.S. Economic Freedom
The Multiyear Decline in U.S. Economic Freedom
by Richard M. Salsman The American Institute for Economic Research
Economic freedom in the world has plunged in recent years, due mainly to the interventions and fiscal-monetary profligacy associated with COVID shutdowns, mandates, and subsidies. The global measure is given in Figure One. This is a significant reversal of freedom’s increase between 2010 and 2019. But the downtrend is much worse and more prolonged in the US.
[…] Figure Two makes clear that economic freedom in the US also has declined significantly, but it’s done so since the financial crisis and “Great Recession” of 2007-09, not only amid COVID lockdowns.