Paul Krugman: The Texas UnmiracleQuicklink submitted by Sheila Samples Permalink
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|If Perry wins the Republican nomination, his campaign will probably center on a more secular theme: the alleged economic miracle in Texas, which, it's often asserted, sailed through the Great Recession almost unscathed thanks to conservative economic policies. And Mr. Perry will claim that he can restore prosperity to America by applying the same policies at a national level. Where does the notion of a Texas miracle come from? Mainly from widespread misunderstanding of the economic effects of population growth.|
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