Property rights have a direct and significant bearing on economic freedom/prosperity. When property rights are strong within a nation the likelihood of prosperity for its citizens is much greater. This report, created by the Frasier Institute, actually states “Protection of persons and their rightfully acquired property is a central element of both economic freedom and civil society. Indeed, it is the most important function of government.” For this reason it is encouraging to know the economic freedom for the United States, which had been in decline during the last decade, made a halt in 2017 under the guidance of the Trump administration. However it is also important to know the United States is not in the top ten most economically free countries as it once was. To read this informative report, click on this link.
Tag Archives: economic freedom
Economic Freedom of the World Report
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Posted in Lesson Three
Tagged economic freedom, property rights, prosperity
Stealing from the Poor to Give to the Rich: An Anti-Robin Hood Story
Maybe there is nothing wrong with a country where no one owns property. After all, the socialists and communists believe that if no one owned private property we would all exist on a level playing field. That sounds fair, doesn’t it? Watch this three minute video to learn the fallacy of this kind of thinking by clicking on this link.
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Posted in Lesson Three
Tagged Communism, economic freedom, property rights, socialism
