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Health Care vs. Wealth Care.
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Americans Voting With Their Feet.
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Twilight Zone Economics.
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The "Shrinking" Middle Class.
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From Ashes, GOP Opportunities.
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Battle Between Entitlements & Pork.
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Let Economic Freedom Reign.
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Biggest Health Care Moment In Decades.
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Unions Antithetical to Liberty.
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Trivia Tidbit Of The Day: Part 392 -- Economic Freedom Produces Better Economic Outcomes.
Economic Freedom Wins-
The Pacific Research Institute offers some thrilling conclusions about economic freedom. Thrilling, at least, for those who love liberty. First, an examination of the most and least economically free states in America (.pdf):
Okay, resembles the familiar red/blue dichotomy a bit. To be expected.
Now, zoom in on this, eh:
In 2005, per capita personal income grew 31% faster in the 15 most economically free states than it did in the 15 states at the bottom of the list. And employment growth was a staggering 216% higher in the most free states. It hasn't been a "jobless recovery" in states that have adopted pro-growth tax and regulatory policies.
Awesome. Proof, meet pudding.
Economic freedom means economic success. Freer economies grow faster and otherwise perform better, than less free economies. Economic freedom improves lives and lifts people up like no central planning committee can.
In graphic form, the economically freest states saw higher per capita income growth (.pdf):
Meanwhile, the economically freest states created more jobs (.pdf):
And even with lower effective tax rates, the economically freest states saw greater growth in tax revenue (.pdf):
And, most profoundly of all, Americans voted with their feet, moving from economically unfree states to the most economically free states (.pdf):
Pudding, proof. Proof, pudding.
In a society where packing up and moving to another state is not all that unusual, Americans are taking advantage, moving to economically free states from relatively oppressive states. People are voting with their feet.
"Live free or move" indeed.
Previous Trivia Tidbit: Entitlements Versus Pork.
Posted by Will Franklin · 22 December 2006 10:22 PM
It's Christmas Eve, it's a quarter to nine. Everyone in the house is sleeping in and I fixed myself some tea and said, "I want to spend time with Will Franklin."
Will, you do not disappoint. I really enjoyed the economic freedom analysis. My New Year's resolution is to win one caption contest in '07.
Posted by: Barbara at December 24, 2006 08:49 AM
WILLisms.com is the best! Economic freedom should be all our new year's resolutions!...
Posted by: zsa zsa at December 24, 2006 11:16 AM