[quote=Eugene][quote=EconProf]Austin’s unemployment rate is 8.2%, vs. California’s 12% plus, a result of their business-friendly policies.[/quote]
In reality, as a result of not having had a housing bubble.[/quote]
Yes, it is true that OK and TX (and perhaps other states) did not experience a “housing bubble.” So, of course their local economies would currently be stronger than CA’s economies.
