The World's Freest Economy Is Also Its Least-Affordable Housing Market

Hong Kong is accustomed to receiving kudos from American conservatives. Year in and year out, the Heritage Foundation and the Wall Street Journal laud the bastion of capitalism on the South China coast as the world’s freest economy. Sure enough, Hong Kong has just won the prize again, with the city coming in No. 1 on the 2014 Index of Economic Freedom published by Heritage and the Journal. That makes it 20 years in a row for Hong Kong in the top spot.

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