One More Time, There Is No Texas Miracle

Paul Krugman

Photo: NYtimes.com

I guess Ross Douthat’s column requires some sort of reply. So let me address three issues.First, the debate over the alleged Texas miracle is not over whether Texas is in fact a miserable failure. All the critics need to show is that Texas is not in fact the miracle Perry claims. And it isn’t.

Second, defenders of the miracle claims seem remarkably unwilling to confront the key argument. People like me point out that Texas has not, in fact, been immune to the recession. Since there’s a long-term shift of population and jobs to Texas, you’d expect job growth in Texas to be higher than in the rest of the country even in a recession, and the key question is whether that growth has been sufficiently high to keep up with population — and it hasn’t.

Read the rest of this article at The New York Times.

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