How the American Dream is Fueling Economic Growth
By Bill Peacock
Back in the depths of the Great Recession, Texas became the target of liberal commentators across the nation, just as the Lone Star State was in the midst of creating more new jobs than the rest of the nation combined. The New York Times’ Paul Krugman led the chorus claiming, “the Texas miracle is a myth, and … offers no useful lessons on how to restore national full employment.” Of course, it wasn’t the new jobs they minded: it was the fact that the Texas miracle was brought to pass by the Texas model of lower taxes, less regulation and a sound civil justice system.
Though there is nothing…