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March 14, 2010 Graph of the Day for March 14, 2010
"We are open to any demonstrably good idea to supplement the steps we've already taken to put America back to work." President Obama.
"We find that states with greater economic freedom - defined as the protection of private property and private markets operating with minimal government interference - experienced greater rates of employment growth." St. Louis Federal Reserve (Economic Freedom and Employment Growth in the US, Thomas Garret and Russell Rhine). Index of Economic Freedom in the U.S. in 2000 (10-point scale)  Source: St. Louis Federal Reserve, Thomas Garret and Russell Rhine. Hoven's Index for March 14, 2010 Theoretical job gains for various states and time periods, if they had had the US average level of economic freedom: New York (1980-2005): 1,173,223 West Virginia (1980-2005): 83,319 Rhode Island (1980-2005): 45,813 Michigan (1980-2000): 444,368 California (1980-1990): 353,297 California (2000-2005): 119,397 Source: St. Louis Federal Reserve, Thomas Garret and Russell Rhine. Graph of the Day Archive. |
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