HeadLocke No. 75: Economic freedom produces multiple benefits

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HeadLocke No. 75: Economic freedom produces multiple benefits

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Economic freedom produces multiple benefits for the states and countries that have it. Economic freedom has been shown to correlate strongly with higher average income per person, higher income for the poorest 10%, higher life expectancy, higher literacy, lower infant mortality, and less corruption. The Fraser Institute in Canada documents economic freedom in regular rankings. Fred McMahon, the institute’s chair of economic freedom research, discusses the rankings with Mitch Kokai. He explains how North Carolina stacks up against other states and how states can improve their economic freedom rankings.

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