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Economic Freedom and Prosperity

Name: Anonymous 2007-11-21 10:29

http://www.nationmaster.com/graph/eco_eco_fre-economy-economic-freedom

The chart the libfags don't want you to see.  It shows the clear link between economic freedom and prosperity.  Notice how all the top countries on the list have a higher measure of economic liberties than do the countries on the bottom/middle parts of the list. 

Name: Anonymous 2007-11-21 19:41

>>2

The correlation coefficient runs from -1 to 1 so a coefficient of 0.5 in the mathematical model's terms it means there is a 75% chance an increase in one variable will result in an increase in the other. A coefficient of -0.5 would mean there is a 25% chance an increase in one variable will result in an increase in the other and thus a 75% chance that an increase in one will result in a decrease in the other. A coefficient of 0 of course means there is no correlation.

Also the correlation between economic freedom and gdp per capita is geometric with a visually significant increase in gdp per capita once economic freedom is rated 2.5 and above, like a y=x^2 graph rather than a y=x graph.

http://www.nationmaster.com/plot/eco_eco_fre/eco_gdp_percap/flag

My synopsis would be that while economic freedom is not the only factor that effects gdp per capita, it is a requirement to increase gdp per capita above $9000 and it does have a positive effect on gdp per capita.

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