There are many people in this world who like to make the argument, "Correlation is not causation." And this oft-used expression is true. Correlation is not, in fact, causation. Just because two things tend to happen at about the same time does not necessarily mean that they have anything to do with each other at all. That said, lack of correlation does mean lack of causation. So what does that mean for economic freedom and "good" social outcomes? Join James and Antony as they unpack what economic freedom indices indicate and more on this episode of Words and Numbers.
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Quick Hits
Foolishness of the Week
Topic of the Week: Economic Freedom
- Equality, Liberty, and Prosperity
- Fraser: Economic Freedom of the World
- Fraser: Economic Freedom of North America
- Heritage/WSJ: Index of Economic Freedom
- Cato: Freedom in the 50 States
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James R. Harrigan
James R. Harrigan is a Senior Editor at the American Institute for Economic Research. He is also co-host of the Words & Numbers podcast.
Antony Davies
Dr. Antony Davies is an Associate professor of Economics at Duquesne University, and co-host of the podcast, Words & Numbers.