Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Freedom Index topic
No spam. Unsubscribe anytime.
Witness cites economic freedom rankings to contrast Denmark and Venezuela
Summary
The witness pointed to an economic freedom index comparing Chile, Venezuela and Denmark to argue that Venezuela's fall in economic freedom explains its collapse, and contrasted Denmark's sustained high ranking.
The witness cited an economic freedom index to compare Chile, Venezuela and Denmark since 1970, arguing the index shows Denmark's consistent high ranking and Venezuela's decline into low economic freedom. "Venezuela was actually much more economically free during a period in the 1970s. Today, Venezuela ranks dead last in the economic freedom index," the witness said.
The witness used the comparison to contend that policies narrowing market freedoms correlate with deterioration in living standards. They warned that voters in the United States who claim to favor Northern European models may misunderstand the role of market structures in those countries and urged careful scrutiny of policy proposals described as "socialist."
