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In this episode of the Budget & Tax News podcast, managing editor and research fellow Jesse Hathaway talks with The Heritage Foundation’s Center for Data Analysis director and former U.S. ambassador Terry Miller, about a recent survey of economic freedom indicators all over the world.
Miller, The Heritage Foundation’s resident “data nerd,” explains how the 2016 Index of Economic Freedom was compiled, and what it means for people across the globe. Many countries have become more free, Miller says, but not the United States. Unfortunately, freedoms in the U.S. have declined over the years, due to government programs like the Dodd–Frank Wall Street Reform and Consumer Protection Act of and the Affordable Healthcare Act.
Economic freedom is the root of all other freedoms, Miller says, and free trade and exchange is provably tied to the economic well-being of not only nations, but individuals, as well.