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Articles by Dean Stansel
Op-Ed: The danger of the tax and spend mentality
Taxes take money from private individuals who generally know best how to spend it and put that money in the hands of politicians, who are less equipped to spend it wisely. So, raising taxes even […] Continue reading with a Black Chronicle subscription. Purchase The Black Chronicle Newspaper Subscription – Now with the All-New TBC Magazine! or The Black Chronicle Newspaper Subscription – Now with the All-New TBC Magazine!! to unlock this article and all subscriber content. Already subscribed? log in.
Op-Ed: The danger of the tax and spend mentality
Taxes take money from private individuals who generally know best how to spend it and put that money in the hands of politicians, who are less equipped to spend it wisely. So, raising taxes even further should require a strong consensus that it is absolutely necessary. kAm%9:D :D A2CE:4F=2C=J ECF6 7@C :?4@>6 E2I6D] w:89 :?4@>6 E2I C2E6D 5:D4@FC286 AC@5F4E:G:EJ[ H@C<[ :?G6DE>6?E[ 2?5 64@?@>:4 8C@HE9] x? 67764E[ E96J 2C6 32D:42==J 2 A6?2=EJ @?
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Taxes take money from private individuals who generally know best how to spend it and put that money in the hands of politicians, who are less equipped to spend it
Op-Ed: The danger of the tax and spend mentality Original
Taxes take money from private individuals who generally know best how to spend it and put that money in the hands of politicians, who are less equipped to spend it wisely. So, raising taxes even further should require a strong consensus that it is absolutely necessary. This is particularly true for income taxes. High income tax rates discourage productivity, work, investment, and economic growth. In effect, they are basically a penalty on earning income.
Alberta freest Canadian province, ranks 12th in North American; other provinces rank near bottom
AEG and ICBA Take on Trudeau Government’s Flawed Bill C-59 Earlier this week, the Alberta Enterprise Group (AEG) and the Independent Contractors and Businesses Association (ICBA) jointly filed a constitutional challenge against the federal government, over its new ‘Greenwashing’ law which unreasonably restricts free speech.
Economic Freedom of North America 2024
Matthew D. Mitchell Senior Fellow in the Centre for Economic Freedom, Fraser Institute was a long-serving senior fellow at the Mercatus Center at George Mason University, where he remains an affiliated senior scholar. He is also a senior research fellow at the Knee Regulatory Research Center at West Virginia University.Mitchell received his PhD and MA in economics from George Mason University and his BA in political science and BS in economics from Arizona State University.
State economic rankings suggest Michigan’s path to improvement
Michigan’s economic health and fiscal policies are critical for its future prosperity. Understanding where the state stands in various economic freedom measures can help identify areas for improvement and guide policy decisions. Fraser Institute Rankings The Fraser Institute publishes the Economic Freedom of North America index, which evaluates how states' policies support economic freedom. The index considers three main areas: government spending, taxes and labor market regulations.
Economic freedom, the minimum wage, and food insecurity
Public policy can have an important impact on the well-being of those with lower incomes. For example, participants in the Supplemental Nutrition Assistance Program (SNAP) have substantially lower food insecurity rates than eligible nonparticipants after controlling for nonrandom selection into the program.1 However, other government interventions in the economy may do the opposite.
Economic freedom, the minimum wage, and food insecurity
Public policy can have an important impact on the well-being of those with lower incomes. For example, participants in the Supplemental Nutrition Assistance Program (SNAP) have substantially lower food insecurity rates than eligible nonparticipants after controlling for nonrandom selection into the program.1 However, other government interventions in the economy may do the opposite.
Libertad económica de Norteamérica 2023
[12]. Por ejemplo, consideremos la medida indirecta del estado de derecho y la regulación en Doing Business 2020. En este informe, Puerto Rico ocupó el lugar 65 mientras que Estados Unidos ocupó el 6 y Canadá el 23; por consiguiente, la suposición de que las provincias y los estados tienen puntuaciones comparables a su promedio nacional no se cumple para la Isla. Puerto Rico podría ser más o menos comparable a México, que ocupó el lugar 60 en dicho índice. [13].
GINN AND STANSEL: Does Economic Freedom Matter In States?
New Hampshire has displaced Florida as the most economically free state, according to the Fraser Institute’s new Economic Freedom of North America report. The findings demonstrate that, while size and location account for some of a state’s success, free-market friendliness is everything. This annual report, now in its nineteenth edition (one of us is its lead author), offers a comprehensive analysis of economic freedom using 2021 data (the most recent available).
Minimum wage does maximum damage
Michigan’s government-mandated minimum wage could soon rise by 30%, from $10.10 per hour to $13.03 per hour, depending on a ruling from the state Supreme Court. Unfortunately, there is no “free lunch” in this world, so the increase in pay for some workers would mean others lose their jobs while consumers pay more in prices.
Don’t California my Michigan
The pleasant peninsula is being pulled in disturbing directions by coastal influences lately, and the results are not pretty. With its newfound love of language policing, Michigan is on the cusp of California. Copying the University of Southern California School of Social Work, two offices of the Michigan health department were ordered, in a Jan. 4 directive, to stop using the term “field worker” to refer to employees whose work happens in the field. They work “in the field,” serving clients.
Labor market liberty: Where do Michigan cities rank?
Grand Rapids-Wyoming ranks third among Michigan’s 14 metro areas in a new index of economic freedom, suggesting a bullish future for the region’s business and employment growth. Our new study objectively scores economic freedom at the local level across Michigan and the United States. We find high degrees of correlation between economic freedom and important measures of well-being. kAm%@ 4@?5F4E @FC DEF5J[ H6 4@==64E65 52E2 C682C5:?8 6G6CJ |6EC@A@=:E2? $E2E:DE:42= pC62 :? E96 &?:E65 $E2E6D – bgb :?
Labor market liberty: Where do Michigan cities rank?
This article originally appeared in the Grand Rapids Business Journal October 15. Grand Rapids-Wyoming ranks third among Michigan’s 14 metro areas in a new index of economic freedom, suggesting a bullish future for the region’s business and employment growth. Our new study objectively scores economic freedom at the local level across Michigan and the United States. We find high degrees of correlation between economic freedom and important measures of well-being.
Q: Why do many people prefer Florida to California?
| Font size: 75% 100% 125% 150% By Michael D. LaFaive and Dean Stansel This article originally appeared in The Hill October 15, 2022. For centuries scholars have studied economic growth and development with an eye toward explaining what makes some places wealthy and others less so.
Midland is Number One for liberty
Midland is Michigan’s top performing metropolitan area in an index of economic freedom. It is also the only metro area in Michigan with an economic freedom score that exceeds the national average. This is important because higher economic freedom scores typically do better on important outcomes — such as employment growth — than those with lower ones.
Why do many people prefer Florida to California? The vital economic freedom
For centuries scholars have studied economic growth and development with an eye toward explaining what makes some places wealthy and others less so. We recently added to the large volume of studies by examining the relationship between economic freedom and labor market outcomes in the 383 local economies, or metropolitan statistical areas (MSAs), in the United States.
Labor market liberty: Where do Michigan cities rank?
Grand Rapids-Wyoming ranks third among Michigan’s 14 metro areas in a new index of economic freedom, suggesting a bullish future for the region’s business and employment growth. Our new study objectively scores economic freedom at the local level across Michigan and the United States. We find high degrees of correlation between economic freedom and important measures of well-being.
Economic Freedom in Michigan and the United States
Determinants of economic and other measures of well-being have been debated for hundreds of years. Adam Smith — the grandfather of modern economics — wrote his magnum opus, “An Inquiry into the Nature and Causes of the Wealth of Nations” on the subject. Scholars around the world have weighed in ever since, with many studies showing positive associations between economic liberty and outcomes that many people value, such as growth in employment and income.
Op-Ed: Growing Iowa’s economy through economic freedom
A major trend from the U.S. Census is the growing number of individuals who are voting with their feet against bad economic policies. States with high tax and regulatory burdens such as California, New York, Illinois, among others are all experiencing population loss. States with either low- or zero-income taxes such as Texas, Florida and North Carolina are gaining residents. Tax rates matter and high taxes deter both productivity and economic growth.
Economic freedom and migration: A metro area‐level analysis
Research Article Imran Arif, Department of Economics, Appalachian State University, Boone, North Carolina, USA Search for more papers by this author Adam Hoffer, Department of Economics, University of Wisconsin-La Crosse, La Crosse, Wisconsin, USA Search for more papers by this author Dean Stansel, Corresponding Author dstansel@smu.edu Cox School of Business, Southern Methodist University, Dallas, Texas, USA Correspondence Dean Stansel, Cox School of Business, Southern Methodist University,...
Opinion: Economic freedom improving in Missouri
How about some good economic news? According to the just released 2020 edition of Economic Freedom of North America, Missouri ranks as the 12th most economically free state in the country. It is an improvement over last year’s ranking, which was 16th. That’s good news because more economic freedom is associated with better economic outcomes.
Institutions, Trade, and Economic Prosperity: An Examination of the U.S. and Mexican States
Home > Centers > TEXASMEXICO > TEXASMEXICO-RESEARCH > 4 Publication Date 1-2019 Abstract We provide the first subnational-level examination of the relationship between the presence of policies and institutions that are consistent with economic freedom and trade volume.
California migrants are not trying to un-Texas Texas
By Dean Stansel and Meg Tuszynski 1:30 AM on Nov 19, 2020 CST For centuries, people have been fleeing governments that limit their freedoms and moving to countries, or to less regulated areas within their own nations, that afford greater freedom. For many years, the U.S. had an open door to those immigrants. That door is no longer quite so open. One reason is that some immigration opponents believe immigrants will import the bad institutions and policies from their countries of origin.
Where States’ Rainy Day Funds Stand
David T. Mitchell & Dean Stansel RealClearPolicy May 26, 2020 (Boris Roessler/dpa via AP) COVID-19 is having an immense impact on state finances. Revenue collection is in free fall and spending is increasing as people make unemployment claims and switch from private insurance to Medicaid. And unlike the federal government, state governments do not have the option of rampantly running up their “credit cards” through budget deficits. They are required to balance their budgets.
Where States’ Rainy Day Funds Stand as We Debate Bailouts
COVID-19 is having an immense impact on state finances. Revenue collection is in free fall and spending is increasing as people make unemployment claims and switch from private insurance to Medicaid. And unlike the federal government, state governments do not have the option of rampantly running up their “credit cards” through budget deficits. They are required to balance their budgets. That means tough choices are on the immediate horizon.
Op-Ed: Indiana climbing in economic freedom rankings
The Fraser Institute has released its annual study on economic freedom in North America. There’s good news for Indiana, but there’s also work to do. Before we dig into the good news and the to-do list, it may be helpful to discuss what exactly we mean by “economic freedom.” The Fraser Institute began to pioneer research into economic freedom some 30 years ago.
Mexico’s tax crackdown could harm Texans
The Texas and Mexico economies are inextricably linked. As my colleagues Michael Cox and Rick Alm found, Texas and Mexico trade more with each other than with any other country or state. So, when Mexico implements anti-growth policies, Texans should be concerned.
Yes, we can all survive just fine if plumbers no longer have to be licensed by the state
In the 2019 session, Texas legislators eliminated the Texas State Board of Plumbing Examiners. It was set to be abolished by September. But then, Gov. Greg Abbott signed an executive order to overturn that decision. The 181 members of the Legislature had it right. The governor's decision is plumb crazy. All Texas regulation comes with a sunset clause. If legislators do not renew the legislation, it's no longer in effect.
Economic Freedom in U.S. Metropolitan Areas
By Dean Stansel. This paper is a revised, updated, and expanded version of the first economic freedom index for local economies in the U.S.
Podcasts - Ranking Local Economic Freedom Across the United States (Guest: Dean Stansel)
Dean Stansel joins the podcast to discuss his “U.S. Metropolitan Area Economic Freedom Index,” published by the Reason Foundation. The index rates every metropolitan statistical area (MSA) in the United States on measures of economic freedom drawn from official data, and separately ranks the 52 largest and 350 smaller MSAs from freest to least free. Dean discusses finding that there is a lot of variation among cities in different states, and even within states.
COMMENTARY: Why some local economies thrive while others struggle
AMERICANS continue to be on the move. According to North American Moving Services, California and New York were losing residents and had some of the highest rates of outbound moves (based on moving truck rental data) in 2018, while Texas and Florida were among the states with the highest rates of inbound moves. Broadly speaking, Texas and Florida tend to have public policies that support a free market economy, whereas states such as New York and California tend to do the opposite.
Why Some Local Economies Are Thriving While Others Are Struggling – InsideSources
Americans continue to be on the move. According to North American Moving Services, California and New York were losing residents and had some of the highest rates of outbound moves (based on moving truck rental data) in 2018, while Texas and Florida were among the states with highest rates of inbound moves. Broadly speaking, Texas and Florida tend to have public policies that support a free market economy, whereas states like New York and California tend to do the opposite.
Economic Freedom: Why Some Local Economies Are Thriving While Others Struggle
Americans continue to be on the move. According to North American Moving Services, California and New York were losing residents and had some of the highest rates of outbound moves (based on moving truck rental data) in 2018, while Texas and Florida were among the states with highest rates of inbound moves. X Broadly speaking, Texas and Florida tend to have public policies that support a free-market economy, whereas states like New York and California tend to do the opposite.
Florida Rules When it Comes to Economic Freedom
When it comes to rankings of economic performance, Florida and Texas tend to rank at or near the top. Not coincidentally, they also tend to rank at or near the top on various lists of pro-growth economic policies. My recent report for the Los Angeles-based Reason Foundation provides yet another example of such a list.
Southern California’s lack of economic freedom
Californians continue to be on the move. According to North American Moving Services, California lost residents and had some of the highest rates of outbound moves in 2018, according to moving truck rental data. In contrast, Texas and Florida were among the states with the highest rates of people moving in. Broadly speaking, Texas and Florida tend to have public policies that support a free market economy, whereas states like California tend to do the opposite.
Southern California’s lack of economic freedom
Californians continue to be on the move. According to North American Moving Services, California lost residents and had some of the highest rates of outbound moves in 2018, according to moving truck rental data. In contrast, Texas and Florida were among the states with the highest rates of people moving in. Broadly speaking, Texas and Florida tend to have public policies that support a free market economy, whereas states like California tend to do the opposite.
Southern California’s lack of economic freedom
Californians continue to be on the move. According to North American Moving Services, California lost residents and had some of the highest rates of outbound moves in 2018, according to moving truck rental data. In contrast, Texas and Florida were among the states with the highest rates of people moving in. Broadly speaking, Texas and Florida tend to have public policies that support a free market economy, whereas states like California tend to do the opposite.
Southern California’s lack of economic freedom
Californians continue to be on the move. According to North American Moving Services, California lost residents and had some of the highest rates of outbound moves in 2018, according to moving truck rental data. In contrast, Texas and Florida were among the states with the highest rates of people moving in. Broadly speaking, Texas and Florida tend to have public policies that support a free market economy, whereas states like California tend to do the opposite.
Southern California’s lack of economic freedom
Californians continue to be on the move. According to North American Moving Services, California lost residents and had some of the highest rates of outbound moves in 2018, according to moving truck rental data. In contrast, Texas and Florida were among the states with the highest rates of people moving in. Broadly speaking, Texas and Florida tend to have public policies that support a free market economy, whereas states like California tend to do the opposite.
Southern California’s lack of economic freedom
Californians continue to be on the move. According to North American Moving Services, California lost residents and had some of the highest rates of outbound moves in 2018, according to moving truck rental data. In contrast, Texas and Florida were among the states with the highest rates of people moving in. Broadly speaking, Texas and Florida tend to have public policies that support a free market economy, whereas states like California tend to do the opposite.
Southern California’s lack of economic freedom
Californians continue to be on the move. According to North American Moving Services, California lost residents and had some of the highest rates of outbound moves in 2018, according to moving truck rental data. In contrast, Texas and Florida were among the states with the highest rates of people moving in. Broadly speaking, Texas and Florida tend to have public policies that support a free market economy, whereas states like California tend to do the opposite.
Southern California’s lack of economic freedom
Californians continue to be on the move. According to North American Moving Services, California lost residents and had some of the highest rates of outbound moves in 2018, according to moving truck rental data. In contrast, Texas and Florida were among the states with the highest rates of people moving in. Broadly speaking, Texas and Florida tend to have public policies that support a free market economy, whereas states like California tend to do the opposite.
Southern California’s lack of economic freedom
Californians continue to be on the move. According to North American Moving Services, California lost residents and had some of the highest rates of outbound moves in 2018, according to moving truck rental data. In contrast, Texas and Florida were among the states with the highest rates of people moving in. Broadly speaking, Texas and Florida tend to have public policies that support a free market economy, whereas states like California tend to do the opposite.
Ranking U.S. Metropolitan Areas on the Economic Freedom Index
For centuries, experts have been trying to discover why some places are so rich and others so poor. Some economists suggest that a largely unregulated system leaves individuals maximally free to pursue their own plans, spurring entrepreneurial activity and innovation.
To increase prosperity, state should increase freedom
Missouri’s economy has lagged behind the rest of the nation for many years. My recent article in the Missouri Policy Journal examined how Missouri’s economy, and its restrictions on labor markets, compare to other states. It’s not a pretty picture, and the voters’ recent approval of a minimum wage increase will only make matters worse.
Voters, take note: Economic freedom means economic growth
As Americans head toward the polls next week, we hope they pause to consider the value of policies that advance economic freedom. Greater voluntary and peaceful association, protection of property rights, and less burdensome taxes are three such policies that can improve the lives of all.
Economic development incentives do nothing for the economy or development
Gains for big business and losses for small business occur because only the big companies have the political and financial capital to have a seat at the table when these subsidies are doled out. Small businesses and entrepreneurs get shut out. For companies that have been faithfully paying their taxes and serving their local communities, their own tax dollars are used against them to lure big businesses from other areas to come in and compete with them. This strategy seems counterproductive.
Americans are on the move to freer pastures
Last year, nearly 5.5 million Americans moved from one state to another. The need to escape overly burdensome governments may be at least part of the reason why. North American Moving Services recently released a report detailing state-to-state moves during 2017. Using Census data, the moving company clearly showed which states experienced net outflows of residents last year and which states experienced net inflows.
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