People living in countries with high levels of economic freedom are happier and have greater life satisfaction

Liberty cc

Seems obvious to many of us but still there are many who don’t understand that liberty leads to greater human actualization. This actualization leads to a more satisfying life generally.

(From The Fraser Institute)

The cornerstones of economic freedom are personal choice, voluntary exchange, freedom to compete, and security of private property. Economic freedom is measured in five different areas: (1) size of government, (2) legal structure and security of property rights, (3) access to sound money, (4) freedom to trade internationally, and (5) regulation of credit, labour, and business.

The analysis shows that living in an economically free country plays a greater role in one’s life satisfaction than does income, age, employment or even a country’s political system.

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(Summer Vacation Edition)