Monday , August 19 2019
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Tag Archives: immigration

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My intrepid Mercatus Center colleague Veronique de Rugy exposes Trump’s incoherence on trade. A slice: You see, one important fact that eludes our president is that the main way for foreign investors to acquire the dollars they invest in the United States is to sell us stuff. They send us goods that we want, and in exchange, we send them dollars. The beauty of the whole system is that the dollars we send across our northern and southern borders as well as abroad come back home when...

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George Will eloquently explains that the ideas and ethics of ‘conservative nationalists’ such as Oren Cass and Tucker Carlson differ from those of ‘progressives’ such as Elizabeth Warren and Bernie Sanders only superficially. Here’s Will’s opening paragraph: Regimes, however intellectually disreputable, rarely are unable to attract intellectuals eager to rationalize the regimes’ behavior. America’s current administration has “national conservatives.” They advocate unprecedented expansion...

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My Mercatus Center colleague Adam Thierer explains how regulation by government wrecks innovation. A slice: A new NBER working paper, “The Failure of Free Entry,” finds that “regulations and lobbying explain rather well the decline in the allocation of entry.” Economists Germán Gutiérrez and Thomas Philippon show that, “regulations have a negative impact on small firms, especially in industries with high lobbying expenditures.” Their results also document how regulations, “have a first...

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George Mason University Econ alum Wayne Brough writes wisely about 5G technology. A slice: In the United States, both Verizon and AT&T already are selling 5G products, a metric that puts the nation ahead of China. By another metric — nationwide deployment — many analysts believe China will be first across the finish line. But it must be remembered that the promise of 5G requires more than deployment. Ultimately, it is the rollout of the Internet of Things with virtually instantaneous...

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The great Bruce Yandle gets to the heart of Trump’s policy of imposing tariffs punitive taxes on Americans who purchase imports (and, as a necessary economic result, also on Americans who purchase American-made substitutes for imports). A slice: I come to a broader conclusion: Trump administration tariff policies seem simply to reflect a fundamental dislike of our being engaged in world trade. Mark Perry offers more quotations from Thomas Sowell, including this timely gem: “One of the...

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My intrepid Mercatus Center colleague Veronique de Rugy laments the many lamentable economic distortions that infect the market for medical care in the United States. I’m thankful – we should all be – that the Free To Choose Network recorded and now makes available this hour-long recording of a conversation that Bob Chitester had with the great Julian Simon (1932-1998). George Will is correct that, despite its incontestable value, stare decisis is no bar to changing bad legal precedents....

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Ryan Bourne’s new paper on antitrust, today’s so-called “big tech,” and the wisdom of Joseph Schumpeter is great. A slice: First, the predictions of unassailable market dominance that we hear in relation to today’s tech giants, often explained by appeals to economic phenomena such as network effects, economies of scale, tying of products, or other cost barriers to entry, have been heard many times before in similar industries. The forecasts have proven ill-founded. Mike Munger urges us...

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My intrepid Mercatus Center colleague Veronique de Rugy decries the cronyism that is occupational licensing. A slice: Today, by contrast, government is trying to “protect” us from pillows that don’t match, poorly constructed caskets, and bad massages. The state now obstructs entry into occupations like truck driving ( beyond showing that you can drive a truck), florists, funeral attendants, and hairdressers, and so many more professions. This is crazy as the only license that anyone...

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Jeff Jacoby makes a strong case against government efforts – even “conservative” ones – to increase paid family leave. Here’s Jeff’s conclusion: Paid leave for new parents is an appealing idea. So appealing, in fact, that more and more American employers are making it a standard element of their employees’ compensation. Entangling that process with Social Security is not likely to make anything better. It’s all but guaranteed to make Social Security worse. Here’s the transcript of a...

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Another Open Letter to Marco Rubio

Here’s a letter to Sen. Marco Rubio (R-FL): Sen. Rubio: You tweeted the following, the illogic of which is breathtaking: [email protected] frustration with #Mexico is understandable. For years the U.S. has tried everything to get #Mexico to stop allowing their national territory from being used by 3rd country migrants as an open bridge to illegally transit to & cross our southern border You here imply that the Mexican government could stop immigrants from crossing northward into Mexico on...

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