Economic freedom

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Economic freedom is measured by the Heritage Foundation in terms of "10 factors, such as property rights, freedom to trade, and freedom from government regulation." The Heritage Foundation says, "economic freedom is a pre­condition for the development of prosperity in the long run."[1]

  • ...economic freedom is highly correlated with economic progress, liberty and well-being.[2]

According to the Fraser Institute in 2018, states such as Texas and Florida – which are governed by conservatives – have a significantly higher level of economic freedom than states like California and New York – long under left-wing governance.[3]