The past year was a winning one for economic freedom, according to the 2006 Index of Economic Freedom, just released by The Heritage Foundation and Wall Street Journal (press release, images from the launch).

Out of the 157 countries graded in the Index, 99 saw improved scores this year, and the average country score now falls into the 'mostly free' category for the first time ever. Because economic freedom is linked with economic growth and prosperity, this is an important development.

Once again, Hong Kong and Singapore lead the pack, followed by Ireland, which jumped several spots. The United States is back in the top 10, after its first year out, due to narrow cuts in government spending and lower tariffs.

The Index is available as an interactive website and can be downloaded for free as a PDF or purchased in book form.

Read the 2006 Index of Economic Freedom.

History of the Hollow Force
Fri., January 6, 2006,
10:30 a.m. - 12:00 noon