The Measurement and Importance of Economic Freedom

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.

Florida’s Low State Tax Burden Boosts Labor Force and Growth

The Tax Foundation ranks Florida 34th lowest in overall state and local tax burden. Florida is ranked number one in the country for state fiscal health by the Mercatus Center at George Mason University. Florida’s prospects for continuing this track record of economic growth are good as long as state and local policymakers stay the course and remain fiscally responsible.