A Success Story as Big as Texas? Actually, That’s a Myth from Paul Krugman.
Of course, Texas has faster job growth than the rest of the country; it always does [because of immigration – added by ssg:]. The question is whether relative to that trend the state has done remarkably well. And it hasn’t: the unemployment rate in Texas is slightly higher than the rate in New York.
Krugman bases his analysis on three economic models. I like the use of models. Building electronic simulation models is how I made a career.