Learn More

Economics

Follow the money, it's the best basis for transparency and holding our government accountable. Economic theory, government hygiene and government efficiency are tools we must use to limit government size and spending. Without clear understanding of economics and the bottom line, the people won't be served and backdoor deals in government will...

Follow the money, it's the best basis for transparency and holding our government accountable. Economic theory, government hygiene and government efficiency are tools we must use to limit government size and spending. Without clear understanding of economics and the bottom line, the people won't be served and backdoor deals in government will go unchecked.

More

Could the Aerospace Industry be an Opportunity for Wyoming?

by Philip Baron, MBA Many industries in Wyoming focus around the production of oil, gas, and coal. These industries have many small businesses and suppliers that support the miners who extract the minerals from the ground. Some of the support industries that build equipment or manufacture parts could find work making specialty parts for the aerospa...

Continue reading

One Property Tax Increase Dies—Another One Takes Its Place

by Philip Baron, MBA A draft bill to raise property taxes by nine mills died with a tie vote of 6 – 6 in the Joint Revenue Committee Meeting on September 19th, 2019. This legislation was first proposed in the spring 2019 legislative session and was not considered for introduction into the house chamber. The proposed property tax increase was to tak...

Continue reading

Education Choice: The Ideological Architecture

by Wyoming Liberty Group Staff As a political economist I am the first to admit that the final word on any policy reform goes to facts and impartial analysis. There are many times when I have recommended against reforms even though they were ideologically desirable, simply because the economic and fiscal aspects of the reform did not work out right...

Continue reading

Weekly Economic Report: An Experiment with Education Savings Accounts


by Wyoming Liberty Group Staff The State of Arizona has an ESA program (Empowerment Scholarship Account) that is often discussed in the national debate over education choice. What would an ESA program look like in Wyoming? Main finding: A Wyoming version of the Arizona ESA, with universal eligibility for the K-12 student population in the state, co...

Continue reading

Weekly Economic Report: Personal Income and Consumer Spending, Part 2


by Wyoming Liberty Group Staff With the reported change in personal income in Wyoming, from work-based to equity-based and sourced from entitlements, it is valid to ask what the implications are for consumer spending. Main finding: Consumer spending is relatively weak. Basic necessities, including insurance take up a larger share of consumer spendi...

Continue reading

Another Heavy Government Hand over Health Care

by Wyoming Liberty Group Staff Imagine someone walking into a hotel in New York saying "the same hotel room would only cost $80 in Wyoming, so you should only charge me $80 for this $250 room". Absurd? Of course it is. The cost of doing business varies from state to state, even from county to county. Taxes vary, market wages vary, the regulatory bu...

Continue reading

Weekly Economic Report: Personal Income and Consumer Spending, Part 1


by Wyoming Liberty Group Staff A month from now the Bureau of Economic Analysis releases 2018 consumer-spending data for the states. In two parts, this Report will give an update on the recent history of consumer spending and personal income in Wyoming, compared to other states. This the first part examines personal income. Main finding: Persistent...

Continue reading

Who Pays for a Fuel Tax Increase in Wyoming?

Philip Baron, MBA At the Joint Revenue Committee meeting in July 2019, Wyoming lawmakers were presented draft legislation to increase the state fuel tax by 3 cents per gallon. According to the Wyoming Department of Transportation (WyDot), this tax would bring in $20 million a year. WyDot would receive 67% of this revenue, about $13.4 million, and t...

Continue reading

Weekly Economic Report: Employee Compensation by County and Industry


by Wyoming Liberty Group Staff Wyoming has the nation's highest Government Employment Ratio and the third-highest Government Compensation Ratio. Our state also lacks in industrial diversity. Main finding: Counties where government earnings are a significant share of employee compensation are more industrially diverse than counties with a relatively...

Continue reading

Weekly Economic Report: Trends in Private-Sector Employment


by Wyoming Liberty Group Staff With reference to the recent job losses in Wyoming coal mines, this Report presents a review of employment trends in the private sector since 1990. Main findings: 1) Job growth today is low by historic comparison. 2) In terms of employment, our economy is more diversified now than it was three decades ago. News storie...

Continue reading
wy-logo-sm-trees.png

Mailing Address: 1740 H Dell Range Blvd. #274
Cheyenne WY 82009

Phone: (307) 632-7020

Follow Us

Copyright © 2024 Wyoming Liberty Group.

Mailing Address:

1740 H Dell Range Blvd. #274
Cheyenne, WY 82009

Phone: (307) 632-7020