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Thursday, January 30, 2020

U.S. Economy Stays Clear of Recession

Contrary to the doomsday prophecies in the wake of Trump's trade talks with China, the U.S. economy has not entered a recession. After a softer period - a breather - in Q1 of this year we are likely to get back to growth again.

Wednesday, January 29, 2020

Greece: A Lesson for Wyoming

What does Europe's economic basket case have in common with America's economic basket case? Politicians who want to raise taxes at exactly the wrong point in time.

Tuesday, January 28, 2020

Hungary: Still Europe's Best Economy

They say four percent GDP growth is not possible anymore. Then please explain why Hungary is at almost five percent.

Monday, January 27, 2020

Friday, January 24, 2020

Jobs and Wages in 2019, Part 1

Wyoming is the only state in the country where private-sector jobs and wages declined in December. We are also the only state that is trying to increase the cost of doing business with a new corporate income tax.

Wednesday, January 22, 2020

How to Best Protect the Taxpayer

There is growing support for a TABOR in Wyoming. At the same time, the support for tax hikes is weakening. Slowly, this supertanker is turning around.

Tuesday, January 21, 2020

Three Years in the Trump Economy, Part 1

We now have a full roster of employment data for 2019, which gives us three full years of record for what Trump has done for the U.S. economy. It is a delightful story.

Monday, January 20, 2020

Thursday, January 16, 2020

Corporate Tax Will Destabilize Revenue

Our legislators want to stabilize tax revenue. The last thing they should do, then, is to create a corporate income tax.

Wednesday, January 15, 2020

Let's Do TABOR in Wyoming

Colorado has had a generally positive, but far from perfect experience with TABOR. Yet despite its shortcomings, the idea is good enough that Wyoming should adopt a modified version.

Tuesday, January 14, 2020

America and the Liquidity Trap, Part 2

The Federal Reserve and the U.S. Treasury have worked together to effectively neuter monetary policy. Unlike in the past, in the next recession the Fed won't be able to do much of anything to help.

Monday, January 13, 2020

CREG: State Revenue Situation Gets Worse

This latest forecast from the state's own Economic Analysis Division should send a chill down the spine of even the most ardent tax hiker in our legislature.

Sunday, January 12, 2020

Medicaid Expansion Causes Fiscal Panic

There were many of us who saw this coming. New York now takes the lead in cutting Medicaid spending. Notably, Expansion broke the camel's back.

Saturday, January 11, 2020

Only Mining Is Growing in Wyoming

Well, that is not entirely true. But the non-minerals part of the economy is doing much worse than the national average.

Bill to Toll I-80 Gets the Idea Wrong

Finally, there is a legislative conversation about reforms that could lead to less government spending. However, once that conversation opens up, the first contribution from the legislature is one that would actually cement status quo...

Wednesday, January 8, 2020

The Strategy Behind Higher Taxes

Do not be fooled by the tax hikers' short-term conjuring tricks. They are working according to a consistent long term plan. Only your determination to stay in this fight will secure the future of our state.

Tuesday, January 7, 2020

People Keep Leaving Wyoming

If this depopulation trend continues, Wyoming will lose a Congressional seat in the 2030 Census...

Friday, January 3, 2020

Thursday, January 2, 2020

Deficits and Economic Growth

A short note today to introduce some compelling data on government finances and economic growth.