America's Economic Freedom Tumbles in Decadelong Decline

The Daily Signal Podcast

The Daily Signal

News, Government, Politics, Daily News

4.6 • 1.2K Ratings

🗓️ 10 March 2022

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Last year, America was ranked 20th in The Heritage Foundation’s Index of Economic Freedom. This year, America’s rating in the index fell five places and now stands at No. 25, behind nations such as Ireland, Canada, and Chile.

“We've been on about a decadelong decline in our economic freedom,” Terry Miller, a visiting fellow for economic freedom at The Heritage Foundation, says. (The Daily Signal is Heritage's multimedia news organization.)

Miller joins “The Daily Signal Podcast” to discuss the recently released 2022 Index of Economic Freedom, and why America is falling further behind.

We also cover these stories:

Congress releases a $1.5 trillion omnibus spending bill to fund the government.
The Kremlin accuses the United States of declaring economic war on Russia.
The federal government gets involved in cryptocurrency.

Enjoy the show!

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Transcript

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0:00.0	This is the Daily Signal Podcast for Thursday, March 10th.
0:09.5	I'm Doug Blair.
0:10.7	And I'm Virginia Allen.
0:12.6	America's economic freedom has reached a new low.
0:16.1	America used to be among the top 10 most economically free countries in the world.
0:21.1	Now we're ranked 25th behind nations like Norway, Canada, South Korea, and Chile, according
0:27.3	to the 2022 Heritage Foundation Index of Economic Freedom.
0:31.5	On today's show, we talk with Ambassador Terry Miller.
0:34.8	He plays a large role in writing heritage's annual index of economic freedom.
0:40.2	Miller explains why America's economic freedom continues to decline and shares what countries
0:45.6	in the world are among the most economically free.
0:49.5	But before we get to Virginia's conversation with Ambassador Miller, let's hit our top news
0:53.3	stories of the day.
1:06.3	Congress has released an omnibus spending package, totaling $1.5 trillion to continue funding
1:12.7	the government.
1:14.1	Per an article from Director of the Center for the Federal Budget at the Heritage Foundation
1:18.3	met Dickerson in the Daily Signal.
1:20.6	The omnibus package increases non-defense discretionary spending by $46 billion compared
1:25.8	to last year and increases defense discretionary spending by $42 billion.
1:31.4	House Republicans have said that the Bill's price tag is too high in the face of rising
1:35.7	inflation and that it contains too many leftist provisions.
1:39.5	Per the Daily Signal, Dickerson argued that this spending package is a huge mistake.
	...

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