"...Texas economic miracle is "a myth" because Texas still has high poverty rates, a high high-school dropout rate and a low percentage of people with health insurance." None of these criteria are necessarily inconsistent with economic growth. The poverty level in the US has remained the same for the past 60 years. Incomes distribution will always show a bell curve, there will always be the lowest 15%. The fact that those in poverty no longer starve or freeze to death, and instead have the latest gadgets, is never mentioned. Nor does the high school drop-out rate address economic conditions. I myself dropped out of college back in 1980 because I got a job offer I couldn't refuse. I dropped out because the economy was booming. And that rate is consistently high among a few ethnic groups, which implies problems other than the economy. I'm still trying to figure out why Krugman thinks people without health insurance implies a bad economy, save for the insurance companies.
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