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The United States was once considered the land of opportunity where entrepreneurs such as Henry Ford, Ray Kroc and Steve Jobs contributed to a flourishing economy by providing new products and services at prices people were happy to pay.
Today America’s entrepreneurs are stifled by cascading regulations and other mandates from government. Rather than focusing on satisfying their customers, entrepreneurs increasingly have to satisfy government bureaucrats.
A new book published by the Fraser Institute and Mercatus Center, What America’s Decline in Economic Freedom Means for Entrepreneurship and Prosperity, connects the dots between the role entrepreneurs and small businesses play in growing an economy, how high levels of economic freedom increase both the quantity and quality of entrepreneurship, the decline of economic freedom in the United States since 2000, and how the decline in economic freedom explains the sluggish economic recovery in the U.S.
