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(The TNM) Imagine the economic potential of Texas if we had greater control over our fiscal policy, trade, and regulatory framework—one where the Lone Star State could establish its own currency and monetary policy. Texas independence will unlock this potential and offer significant benefits to the Texas economy. In this blog post, we’ll explore these benefits in-depth and examine how independence is likely to impact the state’s fiscal autonomy, trade, regulatory control, monetary policy, and international investment.
The Texas Economy: A Global Powerhouse
The Texas economy is a powerhouse not just within the United States, but also on the global stage. With a gross domestic product (GDP) of approximately $1.9 trillion in 2021, Texas ranks as the 9th largest economy in the world, ahead of countries like Canada, South Korea, and Australia. The state’s key industries of energy, technology, aerospace, and agriculture contribute significantly to its economic success.
In the energy sector, Texas is the largest producer of oil and natural gas in the United States and a major player in renewable energy, particularly wind power. The technology industry, anchored by the rapidly growing tech hub of…Benefits of Independence for the Texas Economy: Unleashing the Lone Star State’s Full Potential | The TNM