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In today’s episode of The Heartland Daily Podcast, Fraser Institute resident fellow Fred McMahon joins managing editor of Budget & Tax News Jesse Hathaway to talk about the newest results of the Canadian think tank’s annual Economic Freedom of the World study.
The study, ranking almost every country in the world using 42 different variables measuring economic freedom and legal stability, finds that American citizens are less free to engage in voluntary exchange than Canadian citizens, as well as the citizens of 14 other countries.
As recently as 2000, the U.S. was among the five freest countries in the world, but the report suggests weakened rule of law and increasingly confusing regulatory codes have caused America’s decline over the past 15 years.