Each year 247 Wall St. publishes the results of its survey of all 50 states and then ranks them from top to bottom – from “best run” to “worst run.” CNBC does the same only with a more concentrated focus on the business environment in each state, and then ranks the states on their overall “measure of competitiveness.” The Mercatus Center at George Mason University looks at all 50 states from the perspective of individual freedom and then ranks the states based on its Index of Personal and Economic Freedom.
The parallels and correlations between economic and business performance and personal freedom are clear and persuasive: when state governments stay within their limits of protecting lives and enforcing contracts, the states thrive. And vice versa. North Dakota and California are examples sufficient to prove the point.
247 Wall St. admits that measuring the effectiveness of how a state government manages its affairs and allows the free market to operate is