Despite struggling with the ongoing border crisis, Texas is the number three state in terms of job growth, creating more than 20,000 jobs in August alone, with an unemployment rate of just 5.3%.

So, what is Texas doing right?

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Maria Bartiromo spoke to the President and CEO of the Federal Reserve Bank of Dallas, Richard Fisher, today on Sunday Morning Futures about why "The Lone Star State" is doing better than much of the country.

Fisher explained that Texas is way ahead of much of the nation economically largely due to its highly diversified economy, pro-business government and lack of income tax.

"It just demonstrates the fact that with the kind of monetary policy we have, if you only had good fiscal policy, this nation would be growing much, much faster ... if the federal government would only get their act together and be more like us, we would be growing as a much, much nation."

Watch the clip from Sunday Morning Futures above.

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