Heritage Foundation: US No Longer a 'Free' Country

The Heritage Foundation has released the 2010 Index of Economic Freedom, which measures the various types of fiscal and economic freedoms (such as business freedom, fiscal freedom, free trade and property rights) in 138 countries. For the first time, the United States has fallen from the ranks of "economically free" countries to "mostly free," behind Canada and just above Denmark and Chile.

The nation's preeminent conservative think tank attributes the U.S. decline in freedom to "notable decreases in financial freedom, monetary freedom, and property rights."

Here is a look at the top 10 most free economies in the world:

1. Hong Kong
2. Singapore
3. Australia
4. New Zealand
5. Ireland
6. Switzerland
7. Canada
8. United States
9. Denmark
10. Chile