Fundamental Astuteness

The Essence of Astuteness: Non-Partisan Intellectual Honesty

Texas: 15th on the World economic scale

with 7 comments

I’m a firm believer in Texas. I believe it is the greatest Victoria Texas scanstate in the Union and in the whole world. Minnesota comes in a distant second.

A quick look at the this wikipedia page supports a loyal view of Texas’ greatness. Despite the critics of wikipedia’s credibility, this page is very credible. I checked out the report on which the article was based, and found things to be in order in that regard.

One of the neat things we find out is that Texas is 2nd place in the United States when it comes to GDP totals, and 15th in the world overall. The chart numbers were sort of complicated, so I’ll come up with my own scoring system to put it in perspective:

As mentioned above, Texas is 2nd overall in the United States, with a score of 989.443. California is first, with a score of 1822.117, about twice (or, to be exact, 1.84155) that of Texas.

If Texas could increase its economy by 80%, it could surpass California. texas_state_capitol.jpgIf Texas could quadruple the size of its economy (reaching a score of 3957.772), it would take third place overall in the world, including the United States. If at that point Texas were to leave the Union, then the United States would not longer be the world’s leading economy. All of this, of course, assumes that Texas’ economy would grow while the rest of the world’s remained stagnant, which is not possible. Other economies would continue to grow, so it is unlikely that the above possibilities would occur.

Nevertheless, Texas should set goals. It should strive to continue to advance on the world economic charts overall by finding ways to cut government spending, lowering taxes, and finding ways to cut needless, cost inflating regulation. The next milestone on the charts toward economic glory is to surpass Mexico. This is quite possible, since Mexico’s economy is only 6% larger than Texas.

Long Live Texas. texas-flag-big.jpg

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Written by Astuteness

March 2, 2008 at 5:05 pm

7 Responses

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  1. […] Fundamental Astuteness wrote an interesting post today on Texas: 15th on the World economic scaleHere’s a quick excerptIt should strive to continue to advance on the world economic charts overall by finding ways to cut government spending, lowering taxes, and finding ways to cut n eedless, cost inflating regulation…. […]

  2. Hey David, great post! It’s incredibly true.

    One of the things that shocked me, learning about Reagan, was how much confidence he got when he realized the economy of the entire Soviet Union was comparable to the economy of California.

    Will

    March 5, 2008 at 9:21 pm

  3. Wow; I didn’t know that. Cool. Maybe Texas will pass California someday.

    Astuteness

    March 5, 2008 at 11:16 pm

  4. Snowd in today, so here I am reading astutes blog about Texas. Snow isn’t doing much for our economy right now but at least most people will sleep longer if they aren’t reporting to work tomorrow. That could possibly cause an increase in production to make up for the snow day. Maybe not. Think about this though, the total net worth of the world’s billionaires stands at $4.4 trillion, up from $3.5 trillion last year. Warren Buffet is first, passing Bill Gates. Omaha and Seattle can have them, Texas is still greater than Nebraska or Washington yuk!

    Ron Martinez

    March 6, 2008 at 6:14 pm

  5. I read your posts for quite a long time and should tell that your posts are always valuable to readers.

    Ted Burrett

    April 22, 2009 at 1:00 am

  6. Premium article, great looking blog, added it to my favs!!

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    December 11, 2009 at 1:52 pm

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