Bonus Quotation of the Day…

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… is the concluding paragraph (on page 38) of Robert Lawson’s and Matthew Mitchell’s superb essay “US Economic Freedom in a Trade War,” which is Chapter 2 of the newly released Economic Freedom of the World: 2025 Annual Report:

For more than a century, the United States has been the most prosperous country in the world. Americans represent just 4.2% of the global population yet they produce more than 26% of global GDP. US median income is nearly nine times the global average and the US poverty rate is a fraction of the global rate. This prosperity was built on a foundation of economic freedom. And that freedom is eroding thanks to President Trump’s trade war.