The Heritage Foundation once again ranked Hong Kong as the world’s freest economy this year, and in our web poll last week readers agreed with that assessment.
For the 17th year in a row, Hong Kong topped the class thanks to its small government, low taxes and light regulation. Barriers to entry are low, property rights are secure and contracts are respected. In short, the conservative think-tank reckons Hong Kong is a Tea Party paradise. On paper, at least....