PrintMarch 14, 2010
Graph of the Day for March 14, 2010
"We are open to any demonstrably good idea to supplement the steps we've already taken to put America back to work." President Obama.
"We find that states with greater economic freedom - defined as the protection of private property and private markets operating with minimal government interference - experienced greater rates of employment growth."
St. Louis Federal Reserve (Economic Freedom and Employment Growth in the US, Thomas Garret and Russell Rhine).
Index of Economic Freedom in the U.S. in 2000 (10-point scale)
Source: St. Louis Federal Reserve, Thomas Garret and Russell Rhine.
Hoven's Index for March 14, 2010
Theoretical job gains for various states and time periods, if they had had the US average level of economic freedom:
New York (1980-2005): 1,173,223
West Virginia (1980-2005): 83,319
Rhode Island (1980-2005): 45,813
Michigan (1980-2000): 444,368
California (1980-1990): 353,297
California (2000-2005): 119,397
Source: St. Louis Federal Reserve, Thomas Garret and Russell Rhine.
Graph of the Day Archive.
