Saturday, July 24, 2010

The Sad State of New York

Very few doubt the importance of personal freedom, however we often forget about the imporance of economic freedom, which always leads to a better quality of life.  A lack of freedom, both personal and economic, is therefore the reason New York State is deteriorating.

As shown by the Mercatus Center study, Freedom in the 50 States: An Index of Personal and Economic Freedom, New York State is lagging in all categories of freedom.

Fiscal Policy Ranking: New York is dead last.

Regulatory Policy Ranking: New York is seventh to last.

Economic Freedom Ranking: New York is dead last.

Personal Freedom Ranking: New York is third to last.

Overall Freedom Ranking: New York is dead last.

The study summarizes:

"New York is the least free by a considerable margin, followed by New Jersey, Rhode Island, California, and Maryland"

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