My daughter, Renee, is a member of the Young Leaders Program at the Heritage Foundation for this summer. She is working on Heritage’s Index of Economic Freedom. She just authored her first post on Heritage’s “The Foundry” blog. An excerpt:
Seven of the eight economies ranked most free in the Index of Economic Freedom were once British colonies or trade posts. It’s no coincidence. Political institutions developed by the British such as representative democracy and rule of law provide a vital base for economic freedom.
Yet the U.K. no longer has the distinction of being ranked in the top ten freest economies. Its economic freedom score has fallen significantly in recent years due to expensive welfare programs that have eroded economic freedom and slowed growth.
As they say, read the whole thing. That’s an order!
Renee will be presenting a paper on the parallels between commodity regulation in the 1930s and today at the Von Mises Institute Conference in Italy in October.
Congratulations, Renee. Keep up the good work.