"The United States’ economic freedom score of 76.3 drops it to 10th place in the 2012 Index.
Its score is 1.5 points lower than last year, reflecting deteriorating scores for government spending, freedom from corruption, and investment freedom.
The U.S. is ranked 2nd out of three countries in the North America region, and its overall score remains well above the world and regional averages."
We are behind 9 other countries, including Canada, Chile, New Zealand and Australia.
The Index looks at "rule of law", "limited government", "regulatory efficiency" and "open markets".
Our ranking is still high and the US is indeed an excellent place to invest and do business. We also have a deep respect for property rights and contract law.
Our biggest weakness is debt, or exactly what we are NOT talking about in these presidential debates.
We spoke about the Index with Dr Johnson on the Friday show:
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