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As we celebrate July 4, it is a reminder that economic freedom provides a foundation for America's growth.

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Economic Freedom Opens Path for Prosperity

As we celebrate July 4, it is a reminder that economic freedom provides a foundation for America’s growth.

A 2017 report about economic freedom around the world shows that countries that allow entrepreneurs to apply their ingenuity to offer products and services that people really want and need exhibit much better economic growth than highly restrictive nations that desperately need an Independence Day similar to the one celebrated in the United States each July 4.

Countries that need the greatest infusion of freedom include North Korea, which ranked 180th and last among those on the list, Venezuela, ranked 179th to become the second worst among the nations included, and Cuba, which finished in the third worst spot to take 178th place. Ample evidence exists of the dynamic gains that flow from greater economic freedom, both for individuals and for societies, the Heritage Foundation report found.

Click here to read “Economic Freedom Opens Path for Prosperity.”

Written By

Paul Dykewicz is the editorial director of the Financial Publications Group at Eagle Publishing Inc., www.eaglepub.com, of Washington, D.C. Eagle publishes five free, e-letters, 10 weekly trading services and five monthly investment newsletters, Forecasts & Strategies, Successful Investing, Cash Machine, Growth & Dividend Report and The Alpha Investor Letter. He also is the editor of Eagle Daily Investor and the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain."

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