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Federal Reserve Study: Economic Freedom Matters [Mackinac Center]

Federal Reserve Study: Economic Freedom Matters
By Michael D. LaFaive

A new study published by the Federal Reserve Bank of St. Louis, called "Economic Freedom and Employment Growth in the U.S. States," concludes that there is a link between economic freedom and employment growth. Other studies have come to the same conclusion. One of the things that makes this one different is its findings on labor markets. The authors write: "In addition, we find that less restrictive state and national government labor market policies have the greatest impact on employment growth in U.S. states."