U.S. Receives Lowest Economic Freedom Ranking Since 1975

The Fraser Institute recently released the 2022 Economic Freedom of the World (EFW) Report, reflecting data and rankings for 2020. The findings show that economic freedom in the U.S. fell to its lowest level since 1975, from 6th place to 7th. Although all countries in the report were negatively affected in terms of economic freedom by the COVID-19 pandemic and subsequent shutdowns. The U.S. decline is considerable and indicative of pressing problems that will continue to erode our liberty and prosperity if left unresolved.

Thankfully, the problems that put us here also point to the solutions that can propel us forward into prosperity.

1. Aggressive Shutdowns