Every year the Heritage Foundation evaluates all the world’s countries using their Index of Economic Freedom, where a high score correlates to nearly every positive measure of a country. We then use this analysis to craft our Foreign Stock investment strategy that we call “Freedom Investing.”
Hayek wrote, “More harm and misery have been caused by men determined to use coercion to stamp out a moral evil than by men intent on doing evil.”
Italy reminds us that governmental solutions can be worse than private sector problems.
Hard work can’t always overcome Italian bureaucracy.
During 2002-2004, iShares of the ten economically freest countries outperformed the index by 5.43% each year.
Baring a real people’s revolution, it will take until 2050 for China to complete their slow march to free markets.
We find the Heritage study useful, both to refute other presidential candidate’s claims that governmental coercion will make us richer economically, and also to help us find those countries where investment actually would make us richer.
Each year since 1994 the Heritage Foundation has used a systematic, empirical measurement of economic freedom in countries throughout the world.
The amount of money involved in foreign aid is often large enough to politicize the economic life of a small country and lead to massive graft, corruption, and waste.
In the US we allow companies to go bankrupt when they cannot succeed in business.