Some Texas News for Paul Krugman
The bad news: Texas is still using bribery as a tool of economic development.
The good news: Bribery works:
Apple will expand its Austin presence with a $304 million campus that will ultimately create 3,600 new jobs, according to an announcement today by Gov. Rick Perry.
Here’s Professor Krugman a few months ago:
So what you need to know is that the Texas miracle is a myth, and more broadly that Texan experience offers no useful lessons on how to restore national full employment.
My second-hand knowledge suggests that Apple is a pretty good company for which to work. A few thousand jobs here, a few thousand there, pretty soon you’re talking real recovery.