“When Texans suffered from the collapse of the oil market in the 1980s, they could rely on the fiscal union to help them. When Texas boomed with rising oil prices in the 2000s, it contributed to the union to help harder hit regions.”

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Originally said in English.

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About Austan Goolsbee

Austan Goolsbee is quoted here; further biographical details are not publicly available.

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"When Texans suffered from the collapse of the oil market in the 1980s…" — Austan Goolsbee | Daily Quotes