Index of Economic Freedom: A Practical Guide on How to Achieve Long-Term Prosperity

In his recent commentary in the Financial Times, Kenneth Rogoff, a professor of economics at Harvard, made a strong case for the importance of education in heading off future crises in capitalism: Societies need to find ways to make adult education, including economic and financial literacy, far more available and far more compelling. If voters are uninformed and easily swayed towards demagogues peddling short-term ill-considered policies, there is little hope for righting the course of capitalist economies. As someone who has spoken to all kinds of people in the wake … More

Morning Bell: So, You Think You’re Free?

So you think you’re free? Thanks to big government spending and exploding debt, the United States — and indeed the world — is less economically free today than it was a year ago, according to the 18th annual Index of Economic Freedom, released yesterday by The Heritage Foundation and The Wall Street Journal. Economic freedom — the ability of individuals to control the fruits of their labor and pursue their dreams — is central to prosperity around the world. Heritage and The Wall Street Journal measure economic freedom by studying its pillars: the … More