SYDNEY, Australia—Shadow Treasurer Angus Taylor said Australians were currently suffering the consequences of big government. “Inflation is the price that everybody pays for excessive government. It is a thief in the night,” he said in a speech at the Friedman Conference in Sydney on July 8. Championing the late American economist Milton Friedman’s words that…
‘Hong Kong’s Descent Into Tyranny Is a Tragedy’: Report
According to the latest Human Freedom Index (HFI) 2022, Hong Kong fell from the world’s No. 1 in 2016 to 34th in 2022. The ranking of freedom of speech and freedom of association dropped to 78th and 140th, respectively. The report is jointly released by the Cato Institute, an American think tank, and the Fraser…
Without Economic Freedom, We Are Sunk
Commentary Jared Kushner reports in his book on a strange conversation between Donald Trump and Anthony Fauci. It took place in the White House, April 15, 2020. The economy was in shambles. Businesses were shut. Churches and schools were closed. Rights were being trampled on all over the country. The virus police ruled the country….
Florida Takes Top Spot in Economic Freedom Ranking: CATO
August 31, 2022
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Florida, once again, has been ranked the number-one state in the United States in terms of economic freedom by the CATO Institute. For the past several years, Florida has consistently ranked at the top spot in the economic freedom category of CATO’s Freedom in the 50 States, an index of personal and economic freedom. Florida…
The Epoch Times Launches ‘Hong Kong & the World’ Website
June 10, 2022
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Hong Kong is a place full of miracles, a famous international city in a small place, with more than 7 million proud Hong Kong people working hard in this blessed land free from natural disasters, creating a prosperous society with a fusion of Chinese and Western cultures. Sadly, the CCP betrayed its promise. China’s National…
Texas Sues Facebook Over Facial Recognition; Heritage: U.S. Economic Freedom Eroding | NTD Business
Texas is suing Facebook parent Meta, accusing it of illegally collecting facial recognition data without consent. The Heritage Foundation says America’s economic freedom is eroding. In the biggest deal ever in the semiconductor industry, chip giant AMD is buying up Xilinx in a $50 billion deal. We visit a New York City chocolate maker for…
Canadian Provinces Rank Poorly in Economic Freedom, Study Shows
Canadian provinces trail behind U.S. states in economic freedom, a new report says, with some only besting Mexican states in all of North America. “Higher levels of economic freedom lead to more opportunity, more prosperity, greater economic growth, more investment and more jobs for Canadians,” Fred McMahon, co-author and resident fellow at Fraser Institute, said…
Canada Slips in Economic Freedom Ranking, Annual Report Finds
Canada is no longer among the top 10 most economically free countries, according to the Fraser Institute’s 2021 Economic Freedom of the World report. Canada ranks 14th in this year’s annual report, based on the most recent data from 2019, slipping from 8th place in 2018 (a ranking that was later lowered to 13th place)….
Provinces That Exceed ‘Optimal’ Population of 9.5M Tend to Have Higher Taxes, Government Spending: Report
The economic freedom of a province or U.S. state such as Ontario or California declines when their aggregate population exceeds 9.5 million people, often resulting in higher government spending, higher taxes, and less flexible labour markets, a new study reveals. The Fraser Institute study (pdf), titled “The Determinants of Subnational Economic Freedom,” analyzed 158 provinces…
US Gets Its Lowest Score for Economic Freedom in Decades
WASHINGTON—Economic freedom in the United States has dropped to an all-time low due to its deteriorating fiscal health, according to an annual index of the world’s freest economies. The U.S. economic freedom score has declined 1.8 points this year to 74.8, Heritage Foundation, a conservative U.S. think-tank, announced last week. While the U.S. economy remains “mostly…
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