Economic freedom: Rankings of states

Political freedom is a great thing, but as all the FDI flowing into China made clear decades ago, what matters for the economy is really economic freedom. That includes not just the usual ease-of-doing-business rules, but also how much government constrains businesses—a high fiscal deficit, for instance, means the government is making money costlier for industry; a high PSU share in industry suggests policies will be biased against private firms.

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