Immigration Is The Solution
September 22, 2011 at 06:58 AM EDT
One of my favorite Wall Street economists called me up after the close today (after the market plunged in disappointment over the Fed’s $400 billion “twist.”), and exclaimed, “We could fix most of our problems by doubling or tripling legal immigration quotas.” My response was “Amen.” It would provide an instant boost of demand for [...]