U.S. Continues to Decline in Economic Freedom

LibertyLiberty or Bust –Image: Conservative Latinos@Facebook

(Daily Caller) In a new report on the ‘Freedom of Countries Around the World’ ranks the United States 20th which puts countries like Chile, Netherlands, Germany, Austria and China Hong Kong ahead of the United States.

The United States has seen more than a decade of declines having been ranked No. 2 on the index in 2000 — 8th in 2005 — 17th in 2013 according to the CATO Institute and Fraser Institute which jointly created the study.

Co-Author of the report Ian Vasquez said that the steady growth of government, increased regulations of business and labor contribute to the U.S. low rating.

Read the full report here from CATO Institute

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