Wyoming Liberty Group
During the minerals boom politicians competed to see who could spend more to give voters “free stuff.” The free spending Freudenthal administration partied on with a state spending spree that doubled the cost of government—free stuff is expensive after all. Of course, buying votes with free stuff means convincing voters they can get something for nothing. That wasn’t difficult when the minerals industry picked up the tab; every spending request seemed to get knee-jerk approval.
Italian Economist Federico Caffe has been credited with saying that if the activities of the Sicilian Mafia became legal, the Italian GDP would double overnight. I don’t know if this is true or not, and I don’t think I want to find out. After all, Dr. Caffe went missing soon after his estimate was made public.