Texas Miracle: Can other states replicate Texas' economic success?

Commentary about business and finance.
Aug. 19 2011 4:13 PM

Why the Lone Star State Shines So Bright

Can other states replicate Texas' economic success?

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So what does it all mean for other states? Well, they cannot produce oil out of thin air. They cannot snap their fingers and conjure up the growing economy, nice weather, great barbecue, and cheap real estate that draw all those new people to Texas. But they can keep their consumer-protection and housing-finance rules strict—and take comfort, at least, in the fact that the Texas miracle does not have much to do with Rick Perry.