Inflation: US food prices keep surging. Goldman Sachs can’t even afford coffee for their employees anymore. Economic Freedom Index collapses to Carter administration levels.

WELCOME BACK, CARTER: U.S. Economic Freedom Index Collapses to Carter Administration Levels.

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The Fraser Institute’s Economic Freedom of the World 2022 report was released this morning. This report covers 2020, which while most of our recent history is a bit of a blur, was the year when COVID-19 and COVID lockdowns defined our shared experience. The first of those lockdowns began in mid-March, and we spent most of the rest of 2020 figuring out how to negotiate a newly defined world. So whatever we end up seeing in the report, we’ll have to remember that we spent about 80 percent of 2020, for lack of a better word, grounded.

When additional years of data from the COVID era are added, we fully expect that economic freedom around the world will continue to falter. But let’s not get ahead of ourselves. The 2020 data is bad enough. The global average economic freedom rating fell .14 points in 2020, erasing a decade’s worth of improvements.


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