FL leads country, overtakes NH, in economic freedom

Wednesday, October 31, 2018
 | 
Chris Woodward (OneNewsNow.com)

cash 100-dollar billA new report examines the most "economically free" states --- and the worst.

Florida and New Hampshire lead the list in first place, reports economics professor Dean Stansel of Southern Methodist University and co-author of the Economic Freedom of North America  report.

The report, published by the Fraser Institute, measures government spending, taxation, and labor market restrictions using data from 2016, the most recent year of available comparable data.

"Texas followed pretty closely behind, as well as Tennessee, and then South Dakota," Stansel says of the other top states.  

At the bottom, New York continues to lag behind everyone else.

"And the gap is pretty big, frankly," Stansel tells OneNewsNow. "Kentucky is next-least free followed by West Virginia, California and Alaska."

Regarding the Sunshine State leading the list, Stansel says Gov. Rick Scott deserves credit for controlling spending and keeping the tax burden "reasonable." Both accomplishments are reflected in the report's economic index that shows Florida scored 7.87 out of 10. 

New Hampshire, which scored 7.65, has ranked first for the past three years. New York remains the least-free state for the fourth year in a row with a score of 3.90.  

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