Arthur Laffer and Stephen Moore published a very interesting editorial in today’s Wall Street Journal. The editorial highlights the fact that states which have more economic freedom are more prosperous than states with less economic freedom. States with lower taxes and less onerous regulations provide a better environment for entrepreneurship. This relatively rich economic soil attracts new business and lays the foundation for continued economic achievement. Economic growth is the pathway to prosperity and away from poverty.
Also today, the Mercatus Center released rankings of individual state’s freedom. My home state of Ohio is ranked 33rd. Where is your state in the rankings? Is your state on the pathway to prosperity or mired in clay of government directed mediocrity?