Expect Declining Living Standards From Decaying Economic Freedom, Warn Researchers

Expect Declining Living Standards From Decaying Economic Freedom, Warn Researchers

Americans need to brace themselves for a declining standard of living—or, at best, very slow improvements funded by drawing off wealth accumulated in the past. That's the warning from two economic researchers who point to the country's slump in measures of economic freedom. Since the ability to buy, sell, use property, and gain wealth without government interference is inextricably linked to economic growth, those sliding rankings—especially when compared to improvements in much of the rest of the world—suggest a long period of economic doldrums in the years to come, so long as the U.S. continues to piss away its legacy of economic freedom.

 Keep an eye on higher divorce rates, that will be the tell.