New Report Touts Benefits of Economic Freedom

New Report Touts Benefits of Economic Freedom

San Francisco – The Pacific Research Institute (PRI), a free-market think tank based in California, today released The Sizzle of Economic Freedom: How Economic Freedom Helps You and Why You Should Demand More, a report that highlights the best scholarly studies measuring the benefits of economic freedom. In producing the study, the authors chose the most recent and academically rigorous peer-reviewed studies in top academic journals.

“The price of limiting economic freedom is real, but not always apparent or easily understood by citizens and voters, or especially by lawmakers,” said Lawrence J. McQuillan, Ph.D., co-author of the report and director of Business and Economic Studies at PRI. “Our report is particularly timely — in recent months, the U.S. government has undergone a massive expansion not seen in the last 30 years. More than ever, it’s important to remind workers, taxpayers, voters, business leaders, and politicians of the importance of economic freedom to our nation’s growth and prosperity and the dangers and folly of continuing down the road to ever-larger government.”

The benefits of greater economic liberty include:

  • Higher personal income
  • Less unemployment
  • Faster economic growth
  • More macroeconomic stability
  • Greater capital investment and productivity
  • More business startups
  • More entrepreneurship and innovation
  • A better-educated workforce
  • Less poverty and inequality
  • Better health
  • Greater population inflows
  • A cleaner environment
  • A better quality of life
  • More democracy and peace

“The benefits of greater economic freedom are sweeping and substantial for individuals and societies. In the future, while many Americans might still vote for restrictions on economic freedom, this study will help them to cast educated votes,” said Dr. McQuillan.

Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.

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