New Mexico ranks last again!
If you boiled the work of the Rio Grande Foundation down to two words, those words would be “Economic Freedom.” The free market think tank Fraser Institute just came out with the latest edition of its Economic Freedom of North America 2017report which (in its full form) compares US states, Canadian provinces, and even Mexican states on economic freedom. What is “economic freedom” and how is it measured?
According to the Fraser Institute, economic freedom means “the ability of individuals to act in the economic sphere free of undue restrictions.” The report itself employs 10 variables for the 92 provincial/state governments in Canada, the United States, and Mexico in three areas:
1. Government Spending;
2. Taxes; and
3. Labor Market Freedom.