Wednesday, September 16, 2015

The nation that brought freedom to the world allows its citizens to live in poverty.


by Gman4326

Hong Kong is number one in the world for economic freedom. For example the former uk territory allows private banks to issue currency http://www.hkma.gov.hk/eng/key-functions/monetary-stability/notes-coins-hong-kong/notes.shtml while the united states is under a fiat currency.  In chapter two and on page 178 in public document form (pdf) it goes into detail why the U.S is 16th in the world in economic freedom. Our rights concerning right to own private property went from no problem to an overall rating to 6th in 2015. http://www.freetheworld.com/2015/economic-freedom-of-the-world-2015.pdf