The State of the States...

The Pacific Research Institute (PRI) is out with its annual ranking of the 50 U.S. states (yes, 50, Barack, not 57!) by an economic freedom index that the PRI invented. It always makes interesting reading, and even if you don't fully agree with their criteria the comparisons between states are always interesting. Click on the picture at right to get a larger view; go here to read the whole report and the associated press release.

California is right down in the mud along with other bastions of socialism like New Jersey, Pennsylvania, and New York. This is no surprise to those of us who live here. I, like many others I know, constantly ask myself the question: “Is it still worth it? Is the price of living in California too high? Should I leave now?” We're still here, but we're still asking the question. Each year, more people (both numerically and percentage-wise) vote with their feet and leave – California's emigration rate has been monotonically increasing for years.

On the other side, there's a geographical cluster in the top six positions. We own some property in one of those states (Idaho), and that beckons to us as a likely refuge from California. One could have an entertaining debate about why those states rank so much higher, but for me the most interesting part is the magnitude of the difference between those high-ranked states and the low-ranked states: nearly 2-to-1 on the index. There are days – such as any day I have to listen to a California Assemblyman or Senator – when that difference is mighty appealing...