This article first appeared at The McAlvany Intelligence Advisor on Monday, September 30th, 2013:
For years, both the Cato Institute and the Heritage Foundation have published studies purporting to measure just how much freedom countries around the world enjoy, based on a number of indices. Heritage tracks how closely countries hew to the rule of law, how they apply principles of limited government, how onerous the regulatory state is, and how extensively open and free markets are embraced.
Cato, on the other hand, looks at how much personal choice each country’s citizens enjoy, how free they are to engage in voluntary exchange, and how secure their rights in private property are.
Both have recently published their results for 2013, based on the latest available data. The news isn’t good. In some cases, it is