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Luncheon to discuss declining economic freedom in New Mexico

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Marina Herrera Director, Development and Communications | Rio Grande Foundation

An upcoming luncheon will explore the findings of a report titled "Economic Freedom in the Land of Enchantment," which examines New Mexico's economic challenges. The study, conducted by the Fraser Institute in collaboration with the Rio Grande Foundation, highlights that New Mexico is the only U.S. state to have experienced a decline in economic freedom since 1981.

The report identifies several contributing factors to this decline, including high taxation, substantial government spending, and stringent regulations. These issues have resulted in low employment growth and a high poverty rate within the state.

Matthew D. Mitchell will present at the event, discussing key findings from the report and their implications for New Mexico's economy. He will also provide comparative analyses with neighboring states that have embraced greater economic freedom and seen corresponding growth. Additionally, policy recommendations aimed at enhancing economic freedom and fostering prosperity within New Mexico will be explored.

This event offers an opportunity for policymakers, business leaders, academics, and concerned citizens to engage in dialogue about New Mexico’s economic trajectory and explore strategies for improvement.

Mitchell is a Senior Fellow at the Centre for Human Freedom and has previously served as a senior fellow at the Mercatus Center at George Mason University. His expertise includes economic freedom, public choice economics, and government favoritism.

The luncheon is scheduled for June 18 at the Indian Pueblo Cultural Center's Silver Room. Doors open at 11:45 AM with the program starting at noon. The Rio Grande Foundation has set a cancellation policy allowing requests until June 3 with a 15% transaction fee.

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