Texas’ biggest industry, oil and gas, is growing at a phenomenal pace, and the entire state economy is benefiting. With multipliers among the highest of any type of business, when the energy sector is surging as it is now, it’s generating a high level of other business activity for companies across the economy. In addition, oil and gas jobs generally pay well and there are […]
Author: Dr. M. Ray Perryman
Why did the national debt hit $22 trillion, and what can be done to begin to balance the budget?
The nation’s debt hits the $22 trillion mark. Here’s Dr. Perryman’s take on this latest episode of a fiscally undisciplined nation.
What are the underlying causes of unemployment, and what would be effective in reducing it?
Previously we told you Finland’s experiment to give the jobless $600 a month has not produced the desired effect. Here’s Dr. Perryman with what would.
How has Finland’s guaranteed income experiment worked through year one of two?
Finland has been experimenting with what is best described as guaranteed income. How’s that working? Here’s Dr. Perryman in part one of a two part report.
Jobs Aplenty
As the numbers for 2018 begin to trickle in, it is becoming increasingly obvious that Texas had a banner year in terms of job creation. Overall, the state economy added 391,800 jobs through the 12 months ending in December 2018. That amounts to well over 1,000 jobs each day. The mining and logging sector (which is almost entirely oil and gas in our neck of […]
What is the current status of Brexit, and how could Great Britain move forward?
British Prime Minister Theresa May vows her Brexit plan will succeed, but Dr. Perryman says what he sees is a fundamental misunderstanding of bargaining power.
Why are many refineries beginning to use only light crude, and what does this mean for the energy sector and the economy as a whole?
Oil production in Texas has become such a big player in the nation’s energy portfolio that many refineries are retooling to use only light crude.
Why would a property tax cap be counterproductive?
There have been bills filed in both the Texas House and Senate that would cap property taxes at 2.5%. Dr. Perryman says such a change would be counterproductive.
What does the job growth in large metro areas in Texas tell us about our economy?
Latest numbers for the nation’s largest metro areas are out, and Texas produced some amazing job growth.
Tax Cuts One Year Later
In 2018, provisions of the 2017 Tax Cut and Jobs Act went into effect. The Act simplified some aspects of the federal tax code and restructured tax rates with the purported goal of enhancing economic growth. In particular, the Act reduced the US corporate tax rate from 35% to 21%. For US companies, which have historically faced some of the highest levies of any developed […]