Since the initial publication of the Economic Freedom of the World report in 1996, numerous scholarly studies have used the data to examine the impact of economic freedom on investment, economic growth, income levels, and poverty rates. Virtually without exception, these studies have found that countries with institutions and policies more consistent with economic freedom have higher investment rates, more rapid economic growth, higher income levels, and a more rapid reduction in poverty rates.
Many Americans are under the impression that gun owners are overcome by fear. This idea is everywhere, in news articles and editorials, scientific research, social media, blockbuster films, and other forms of popular culture.
One recent estimate from the president’s Council of Economic Advisors finds that the opioid epidemic is costing the country hundreds of billions of dollars per year in the form of lost productivity, health care costs, and costs to the criminal justice system. Some of the rise in opioid overdoses is likely caused by job loss and economic despair, so we may see a decline as the economy continues to strengthen. But the economy is already pretty strong—despite the recent market dip— and opioid overdoses continue to plague many parts of the country. Better access to marijuana is not going to single-handedly fix the opioid problem, but it should be discussed as part of the solution.