Posted on 03/11/2024 9:09:44 PM PDT by Chad C. Mulligan
Migration and free trade impose huge unrecognized costs on ordinary people, says a Nobel-awarded Princeton economist who previously supported the unpopular, elite-backed policies.
“I used to subscribe to the near consensus among economists that immigration to the US was a good thing,” Professor Angus Deaton wrote in a post for the International Monetary Fund. He continued:
Longer-term analysis over the past century and a half tells a different story. Inequality was high when America was open [to migration], was much lower when the borders were closed [to migrants], and rose again post Hart-Celler (the Immigration and Nationality Act of 1965) as the fraction of foreign-born people rose back to its levels in the Gilded Age.
On free trade, he wrote:
I also no longer defend the idea that the harm done to working Americans by globalization was a reasonable price to pay for global poverty reduction because workers in America are so much better off than the global poor …
I had also seriously underthought my ethical judgments about trade-offs between domestic and foreign workers. We certainly have a duty to aid those in distress, but we have additional obligations to our fellow citizens that we do not have to others.
(Excerpt) Read more at breitbart.com ...
At last!
BTTT
Proof positive one can be stupid, wrong and win a Nobel.
All these eggheads finally realizing what I could have told them when I was 15 years makes me want to personally punch them.
It’s ok to raise other nations up by going to these nations and help them create the institutions that makes them viable, but you need strict borders.
At least he’s repented before the end of the world.
My my. Some actually are able to learn educated fools that they are. I still hate their freaking guts and hope they rot in hell. Some stupid you just can’t recover from or be forgiven for.
This is not a migration, this is an all-out invasion of military aged males from around the globe. Coming soon to take everything yo own from you & every other American. while this invasion is being not only supported but promoted by the same man who has convinced you that Ukraine is important.
But he still subscribes to “social justice” and tries hard to sell it in his last point.
We've always had Paul Krugman and Obama for that.
You don't say!
GIVE HIM THE “DUH” AWARD.
I notice it in some small towns that get a sudden influx of "city people". A family or two is not an issue. A couple hundred is.
They make no effort to learn the culture, customs and tradition of the area because they are a big enough group that they can form their own society. They see no reason why they should not arrange everything exactly like it was back home except with bigger yards.
And this is with people that share, in general, your traditions, language and religion.
Well, thank goodness the horses aren’t out of the barn! ... Oh ... wait ...
Take careful note for the future. “Economists” don’t actually know jack sh!t.
Nobel Prize Winner in Economics has absolutely no more standing to issue moral pronouncements than the bourbon-breathed newsie or illiterate shoeshine boy on any streetcorner.
Regards,
If “migrants” (GD ILLEGAL ALIENS FFS) were required to pay their own way and be ineligible for ALL welfare all but the most industrious would not come. Apparently we have been a dumping ground for the invaders here. After the last few trips to the store they have been flooded with chubby Spanish speaking people that have never been here. They are everywhere pushing shopping carts around full of food. They are a drain on society. They bring no skills and do not make the country better. It is not our responsibility to give them a better life.
That's how it was in the 1950s when my family's church sponsored two Hungarian families who had escaped Muscovite tyranny in 1956. You either paid your own way or you could be sponsored. We found them housing and sustenance until they were on their feet. No welfare, no cellphones, no $5000 debit cards. But Teddy Kennedy changed all that, mostly because the largest number of illegals back then were Irish, (in New England at least).
My short tenure as an undergrad Economics major in college left me with the certain knowledge that even economists know that. Most of them are just faking it.
There are a few, (e.g. Von Mises, Friedman) who do know something, so they're widely ignored by politicians and the public.
Immigration IS good, provided it is controlled and regulated.
1. It MUST BE MERIT BASED as defined by the needs of the US economy.
2. Those allowed entry will be required to meet specified language and education/skill levels within 5 years. If not, the immigration window closes, all social services are revoked, and the individual(s) are deported.
3. Student & work VISAs are permissible for qualified individuals but end dates must be enforced with strict deportation requirements.
4. There will be no extended family or anchor baby exceptions.
Only the marginalized paleo-cons (e.g., Sam Francis, Pat Buchanan, Joe Sobran, Chronicles of Culture) were showing any skepticism.
“They see no reason why they should not arrange everything exactly like it was back home except with bigger yards.”
A “case in point”—Miami. (without the chickens).
Not sure about Union City, NJ.
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