I think Dr. Smith got it wrong this time ...
Written by Bob McCormick on 5/12/2008 03:29:00 AMFrom Houston Business News 4/23/08 ... High gas prices equal good Houston economy, says economist
I think this would have been true if it was 1988 - not so much now. The Houston economy is more diversified, and therefore more reflective of the national economy as a whole. High gas prices (and associated profits)won't necessarily flow to Houstonians, regardless of how many corporate headquarters we have (even if Texas now has more Fortune 500 headquarters than New York!).
How many of y'all agree with me? Let me know in the comments.
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