Governments financed this new spending by printing money and inflation spiked to levels not seen in decades.
Economic Freedom
Nighttime light is artificial so its level should depict—all else being equal—levels of development.
The government wants to make speech crimes punishable by house arrest, jail time or electronic monitoring.
When governments limit economic freedom, citizens find it harder to buy and sell what they want.
When more resources are controlled by politicians and the bureaucracy, there's more favouritism and discrimination.
With no carrots in the form of market incentives, socialist leaders deployed a terrifying array of sticks.
The average Singaporean earns about 30 per cent more than the average American.
Those who live in the freest jurisdictions in the world earn more than three times as much as those in the least-free.
The Economic Freedom of the World index has grown to cover several dozen indicators in 165 countries.
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