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Lower taxes + less regulation = a prosperous economy, says study

Fiscal restraint and free trade correlate with lower taxes and regulation

A recent study highlighting the international index of economic freedom states that the average amount of economic freedom is higher today than it has been in the past 20 years. Organizations such as the Wall Street Journal and the Heritage Foundation in Washington have been measuring countries that implement fiscal restraint to help improve the state of the economy for their citizens for over two decades. 

According to a Daily Advance report, those countries that have adopted fiscal restraint and free trade are recognized by earning high scores on the index for protecting the rights of contract and property ownership while avoiding excessive taxes or regulations.  Needless to say, countries that abuse their power and do not adhere to practices to help improve the state of their economy earn low scores.

Contributing Author

Stefanie Mosca

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