The Heritage Foundation and Wall Street Journal recently released the 2016 Index of Economic Freedom. Despite modest gains in economic freedom worldwide, Americans have, for the eighth time in a decade, lost economic freedom. The global average score is 60.7, “the highest recorded in the 22-year history of the Index” with more than thirty countries including Burma, Vietnam, Poland, and others, received “their highest-ever Index scores.” 74 countries’ ranks declined, but they improved for 97.
The least free countries included North Korea with an abysmal score of 2.3, Cuba (29.8), Venezuela (33.7), and Zimbabwe (38.2).
Index Co-editors, Terry Miller and Anthony B. Kim, explain what the Index has proved in its two decades: (more…)