ECONOMY::To Increase Jobs, Increase Economic Freedom – WSJ.com

By at November 15, 2011 | 9:10 pm | Print

ECONOMY::To Increase Jobs, Increase Economic Freedom – WSJ.com

Is the United States exceptional? Of course we are! Two hundred years ago we were one of the poorest countries in the world. We accounted for less than 1% of the world’s total GDP. Today our GDP is 23% of the world’s total and more than twice as large as the No. 2 country’s, China.

America became the wealthiest country because for most of our history we have followed the basic principles of economic freedom: property rights, freedom to trade internationally, minimal governmental regulation of business, sound money, relatively low taxes, the rule of law, entrepreneurship, freedom to fail, and voluntary exchange.

via John Mackey: To Increase Jobs, Increase Economic Freedom – WSJ.com.

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