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Saturday, November 30, 2019

Socialism in Sweden: Another Fact Check

Some libertarians continue to misrepresent the Swedish economy, and even lie about it. They are doing more harm than good in the fight to save America from socialism.

The Welfare State and the Budget Deficit

It is rare that you can capture the destructive force of socialism in one graph. But you actually can. Check it out.

Wednesday, November 27, 2019

Monday, November 25, 2019

Right and Wrong about Wyoming Economic Growth

Does it really matter what GDP growth number we use? Oh, yes it does. The difference between sloppy reporting and accurate analysis is the difference between higher taxes and your job.

Saturday, November 23, 2019

Signs of Resiliency in U.S. Economy

The Trump tax cuts have worked their way through the U.S. economy. This summer, the economy showed signs of taking a breather from growth and jobs creation. I predicted that this soft patch would continue but not escalate into a recession. I was right, but I was also a bit on the pessimistic side as to how resilient our economy is.

Friday, November 22, 2019

Corporate Income Tax Already Bad for Wyoming

More evidence that the Revenue Committee here in Wyoming already is destroying jobs with its corporate income tax. Months before the tax has even come up for a vote in the legislature. As the old adage goes: just talking about higher taxes is bad for the economy.

Thursday, November 21, 2019

Republicans Are Better Fiscal Conservatives

It often looks as though majorities in Congress don't matter in terms of government spending. Well, that's not true. All-out Democrat control of government will increase spending by more than twice as much as Republicans do in the same situation.

Wednesday, November 20, 2019

Wyoming Government Finances: State Spending

How does the state of Wyoming spend your money? And how much do they spend? Hint: a lot more than you think...

Tuesday, November 19, 2019

Stark Warning from Fed Chairman

You know the government debt situation is bad when the Federal Reserve chairman issues an end-of-the-rope warning.

Monday, November 18, 2019

Governor Gordon Caves on Spending Cuts

Governor Mark Gordon has presented his first budget. Since his election a year ago he has been building himself up as a fiscal conservative. Now, when it is time to deliver...

Friday, November 15, 2019

Wyoming Government Finances: State Revenue

What does Wyoming government revenue really look like? And how much does the minerals industry actually contribute?

Thursday, November 14, 2019

Tax Foundation Wants VAT in Wyoming

A think tank has proposed a value-added tax in Wyoming. I have three questions for them.

Wednesday, November 13, 2019

Medicaid Expansion Coming to Wyoming

See I told you so. Medicaid Expansion passed the Revenue Committee and is now heading for the 2020 legislative session. The Committee motivates its case for Medicaid Expansion with, well, common-core math...

Monday, November 11, 2019

Economy Past Peak, No Recession Yet

In this article I confirm and reinforce my analysis that the economy is past its growth peak and taking a "breather". However, we can still head for a recession if two things go wrong in the fourth quarter of this year.

Saturday, November 9, 2019

Memories of Socialism

Socialism is nothing to play around with. It is a highly dangerous ideology, always with serious consequences when it is put to work. Here are my memories from socialism in Europe.

Friday, November 8, 2019

Medicaid Expansion Did Not Benefit Montana

Another research center tries to make the bad look good. In this case, it is an outfit at the University of Montana that claims Medicaid Expansion has done all kinds of wonders for the Treasure State. A closer look at their work tells a different story.

Thursday, November 7, 2019

Wyoming Economy Grows More Biased

The Revenue Committee of the Wyoming legislature wants to "diversify" the tax base. They want to do it by increasing taxes on the part of the economy that is stagnant or in decline. I am sure that is going to turn out very well.

Tuesday, November 5, 2019

Medicaid Expansion in Wyoming, Part 1

If someone tells you that if you spend $100 to get $90, you'll be better off, what do you do? Exactly. You assume he is a politician spending taxpayers' money.

Monday, November 4, 2019

True Cost of Government: A Review of State Data

How is it possible that Tennessee can do with a government that only costs two thirds of the government in Wyoming? Why does Wyoming have to have a government that is as costly as it is in New York?

Friday, November 1, 2019

Corporate Tax Won't Stabilize Revenue

There are efforts under way in Wyoming to create a corporate income tax. One of the arguments is that it will stabilize government revenue. It won't. Quite the contrary, in fact.