Posts

Showing posts from August, 2011

Paul Krugman Is Still Wrong about Texas - By Kevin D. Williamson - Exchequer - National Review Online

Paul Krugman Is Still Wrong about Texas - By Kevin D. Williamson - Exchequer - National Review Online

Kevin D. Williamson, deputy managing editor of National Review, makes several points I have been making to individuals when they suggest that the Texas economy is either "dumb luck" or simply an illusion. Left-leaning commentators, and I include Paul Krugman in that category (he long ago surrendered his economics qualifications, as I've explained in previous posts), are avoiding serious comparisons of economic models across various states. The right is no better, but I used to expect better statistical analyses from Krugman.

What, indeed, does population growth have to do with job growth? Professor Krugman is half correct here — but intentionally only half correct: A booming population leads to growth in jobs. But there is another half to that equation: A booming economy, and the jobs that go with it, leads to population growth. Texas has added millions of people and mill…