What issues matter most to you? From the environment to helping the poor, and everything in between, you can use this page to dig deeper and learn how your issue area is affected by economic freedom. Click on one of the below issues to find-out more.
Economic freedom and improved environmental quality go hand in hand. As a country achieves higher levels of economic freedom, its environmental quality improves as well. These improvements result from increased demand for a better environment in wealthy nations, stronger protection of property rights, and greater technological change as investment in research and development increases.
People in economically free countries are happier than people in less free countries. This is measured directly through the increased feeling of freedom and control over life that citizens of economically free nations enjoy as well as indirectly through increased income that improves general health and well-being levels.
Economic freedom helps build wealth for an economy and circulate wealth within it. The economic growth that results from increases in economic freedom also creates social mobility, as the least-well off individuals see their incomes increase faster than any other group. Economic freedom also helps to reduce inequalities produced by crony capitalism, rewarding hard work, not government favors.
Evidence across the world and within the United States demonstrates that stronger employment growth follows increases in economic freedom. Lower taxes, limited size and scope of government, and flexible labor policies encourage entrepreneurship, stimulate businesses to hire, and improve job opportunity. Workers and investors take notice, vote with their feet, and move to states with more opportunity, making freer states more prosperous.
Economic freedom is one of the strongest tools available to fight poverty and is responsible for the greatest advances in reducing poverty over the last century. The economic growth created by increased economic freedom reduces poverty by giving more opportunities to workers and helping them avoid the poverty trap. With economic growth, absolute poverty levels are reduced, as is inequality, as relative poverty levels tend to decline as well.