Saturday, January 01, 2005

Economic Freedom

“What do these cities have in common: Albuquerque, Austin, Bentonville, Dayton, Denver, Omaha, Racine, and Tacoma?” asked Rich Karlgaard, publisher of Forbes Magazine. “They are the birthplaces of firms that created 17 of the top 25 personal fortunes in the 2004 Forbes 400 annual “Richest Americans” List.”

Karlgaard wrote the forward for the U. S. Economic Freedom Index, pointing out that while a funny American myth is that you go to big places like New York or California to make your fame and fortune, Forbes has found that fortune is often made in more out of the way places. Why? Our most valuable natural resource of today, the brains of smart people, are mobile and often moving to where they are attracted. And, Economic Freedom is one of those key attractions.

Kansas finished at the top of the heap, followed by Colorado, Virginia, Idaho and Utah. At the bottom of the list was New York, followed by California, Connecticut, Rhode Island and Illinois.

It is an interesting study, found at www.pacificresearch.org.

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