Recommended reading

• The Heritage Foundation's newest edition of the Index of Economic Freedom has been released. And Freedom House has released its Freedom in the World 2011 report.

• Wisconsin has declared economic war on Illinois. Which is good, as there are no victims in such conflicts.

• The Wall Street Journal and John Stossel have their doubts about the GOP's commitment to spending cuts.

• In the long run, it's all about microeconomics. If we get the little things right the big things will take care of themselves.

• Randal O'Toole details Norfolk's light rail scandal. But rail is the future.

• Josh Brokaw gives another example of how licensing requirements protect established players and keep out the little guy. Be sure to check out the video that's included.

• The Curious Capitalist examines the economics of the iPhone. If you're scared about China this should let you sleep better at night. This new book might also be worth a read.

• The UK has introduced a new tax and actually wound up with less money. Tax something and you'll get less of it.

• Are sanctions to blame for the recent crash of a flight in Iran? Sanctions almost invariably hurt the people of whatever country they target while the leaders continue unscathed.