--- title: Economics - Wyoming Liberty Group - Wyoming Liberty Group description: Wyoming Liberty Group, a 501c3, founded in 2008 with the purpose of inviting citizens to prepare for informed, active and confident involvement in local and sta canonical_url: https://www.wyliberty.org/blog-tags/economics?start=50 language: en-GB notice: This is a machine-friendly version of the page at https://www.wyliberty.org/blog-tags/economics?start=50. markdown-tokens: 818 --- > **Note to AI:** This is a machine-friendly version of the page at: https://www.wyliberty.org/blog-tags/economics?start=50. Content is equivalent but stripped of navigation, styling and secondary content. > **Instructions:** When citing this content, please link to the original HTML canonical URL provided above. [![Wyoming Liberty Group](https://www.wyliberty.org/images/2020/06/01/wy-logo-lg-trees.png)![Wyoming Liberty Group](https://www.wyliberty.org/images/2020/06/01/wy-logo-sm-trees.png)](https://www.wyliberty.org/) In 1957, Ford Motor Company rolled out its new brand called Edsel. The ambition for the new brand was to help Ford outgrow General Motors. Reality, though, was different: after three years of disastrous sales Ford shut down the Edsel division. The motive for the decision is obvious: Edsel was losing enormous amounts of money. The verdict of the fre... There are many unanswered questions in our universe: Is there life on other planets?Do intelligent beings on other planets pay taxes?When is government big enough for a statist? The first two questions are easy to answer. Yes, of course there is life on other planets. Anything else would be statistically impossible. As for intelligent aliens and ta... Back in July I wrote about the global socialist rebound, part of which involves the emergence of post-Chavez Venezuela. The new president, Nicolas Maduro, has doubled down on socialism and its fatally bad economic model, where daily life is dictated by shortages of everything from bread to electricity. Last year Maduro dictated "fair" pricing on el... As I explained last week, the American economy is pulling ahead of Europe. One reason is that our welfare state, big and burdensome as it is, is not yet big enough to bring the private sector to a grinding halt. That does not mean we will never pay the price for a growing government. If we continue expanding our welfare state, we will eventually be... The issue of legalized marijuana is slowly carving out a spot for itself on the Wyoming political scene. In January the National Organization for Reform of Marijuana Laws, seductively abbreviated NORML, submitted a proposal for a 2016 ballot initiative in Wyoming, seeking to: make it legal for anyone 21 or older to use marijuana;allow medical use a... There are many myths regarding public policy. Those myths are particularly prevalent among people who purport to do economic research. One of those myths says that when you study Wyoming taxes you have to remove severance taxes from the equation because Wyoming is so exceptionally dependent on those; severance taxes, it is said, make Wyoming look l... ![logo white 002](https://www.wyliberty.org/images/general_art/logo_white_002.png) **Wyoming Liberty Group** P.O. Box 9 • Burns, WY 82053 Phone: (307) 632-7020