What's So Great About Economic Freedom?
Economic freedom involves more than just the freedom to buy and sell products and services. It allows us to be free in our interactions with other people. Economic freedom enables us to travel, to say what we want to say, to do what we want to do. This is how Prof. Antony Davies describes the 'positives' of somewhat commonsensical benefits of economic freedom. In this brief clip, he shows how economic freedom is associated, in the data, with a number of positive indicators of a healthy country. For the first 3:30 of this fascinating discussion, the professor clarifies how great it all is... then just when you're feeling wonderfully smug, he shows the facts for the USA, as we discussed here and here, things are trending away from economic freedom for Americans.