Texas is once again proving why it’s become a premiere destination for investment. With the forthcoming launch of the Texas Stock Exchange (TXSE), Dallas is set to become the nation’s new financial epicenter – “Y’all Street.” This development showcases the power of free market principles and limited government – values that have long underpinned the Lone Star State’s economic success.
Governor Greg Abbott’s recent announcement about the Texas Stock Exchange’s leadership, which is filled with well-respected leaders from the financial sector, shows that the state’s commitment to a business-friendly environment is yielding impressive results. By fostering economic freedom and paving the way for businesses’ success, Texas is now challenging New York’s long-standing financial dominance.
The key to this success? Unwavering dedication to free market principles.
One of the most promising aspects of the TXSE is its commitment to reducing burdensome regulations. As TXSE’s CEO James Lee has made clear, companies listing on this new exchange won’t face stringent requirements that other stock exchanges impose, effectively cutting red tape and allowing businesses to focus on creating value for their shareholders and customers – fundamental principles long supported by policymakers in Texas.
We at Americans for Free Markets commend this important milestone for the Lone Star State, and urge Texas’ leaders to continue prioritizing investment decisions that steer clear of politicized agendas. By rejecting the consideration of non-financial factors such as arbitrary environmental risks, Texas can ensure that businesses are able to make decisions based on sound economic principles.
To keep Texas the best place to do business and a magnet for innovation, state leaders should resist implementing new, burdensome regulations, preserve a low-tax environment, and foster competition and innovation across all sectors. When businesses operate without unnecessary government interference, they innovate, grow, and create prosperity for all.
The emergence of the Texas Stock Exchange is a win for free market principles and those who support them. It demonstrates that when we let the market work without unnecessary intervention, great things happen – let’s keep it that way.
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