Index Investing News
Tuesday, February 10, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Inconvenient views – Econlib

by Index Investing News
February 8, 2023
in Economy
Reading Time: 3 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


I believe we should all strive to hold some inconvenient views. That is, we should hold views about how the world works that might weaken support for our policy preferences. For instance, I believe that drug legalization would increase the use of narcotics. That view is somewhat inconvenient, as I support drug legalization (for a wide variety of reasons).

A recent comment reminds me of another inconvenient view that I hold. Mark Barbieri suggested:

When I suggest that we could solve the illegal immigration policy by increasing the amount of legal immigration to accommodate most the people that want to come here, suddenly there is another objection.

[I believe he meant, “solve the illegal immigration problem”.]

I’d like to believe that Mark is correct, as I support his policy recommendation. Unfortunately, I do not believe this would solve the illegal immigration problem, for several reasons:

1. A much higher rate of legal immigration would cause the US economy to boom. This would have numerous effects, including a sharp increase in housing construction in places like Texas, Arizona and Florida. This construction would draw in additional immigrants, some of them illegal.

2. Legal immigrants have much better opportunities than illegal immigrants. Thus if we legalized all the illegals, a new wave of illegals would come in to do the jobs that Americans don’t wish to do, such as picking fruits and vegetables in the sweltering heat.

To be clear, I believe a policy of allowing more legal immigration would somewhat reduce illegal immigration, and I favor such a policy for a wide variety of reasons. But I also believe that restrictionists might be a bit disappointed in the ultimate effects. Thus if there are currently 500,000 illegal immigrants each year, then even a policy of allowing an extra 500,000 legal immigrants would not drop that number to zero. There might still be another 200,000 or 300,000 illegals migrating here each year. In other words, total immigration would increase, as the effects would go well beyond just substitution of one type of immigrant for another.

In the long run, it is better to avoid biased reasoning, even if it weakens your argument in the short run.  Honesty will make your views seem more credible.  Seek the truth and let the chips fall where they may.

PS.  David Henderson has a recent post discussing the issue of whether immigration can reduce inflation.  I don’t believe it would have much impact on inflation, due to the Fed’s 2% inflation target. (It depends on how the Fed reacts.)  Nonetheless, it might have some of the positive effects that people associate with inflation reduction.  Thus many people believe a lower inflation rate would boost their real income by making their shopping budget go further.  That’s not necessarily true, as lower price inflation caused by monetary policy is often associated with lower nominal wage inflation.  But immigration actually can boost the purchasing power of the average consumer by reducing price inflation relative to nominal wage inflation.  Thus, while immigration may not reduce inflation, it will likely produce many of the benefits that the average person associates with less inflation.  It may not reduce inflation, but it will boost real incomes.

Immigration does hurt some American workers.  But in my view, most workers benefit.  That is overwhelmingly true here in Orange County, where immigration has significantly boosted living standards.



Source link

Tags: EconlibInconvenientviews
ShareTweetShareShare
Previous Post

Gay Porn Star Billy London’s Murderer Finally Revealed 32 Years Later Thanks To True Crime Podcast!

Next Post

Love Elvis? So Does Our Pick of the Week

Related Posts

No easy end to easy money

No easy end to easy money

by Index Investing News
February 8, 2026
0

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the...

Transcript: Kate Burke, Allspring Global Investments, CEO

Transcript: Kate Burke, Allspring Global Investments, CEO

by Index Investing News
February 4, 2026
0

https://www.youtube.com/watch?v=OkV-hHa3oHEhttps://www.youtube.com/watch?v=OkV-hHa3oHE     The transcript from this week’s MiB: Kate Burke, Allspring Global Investments, CEO, is below. You can stream...

Sam’s Links: January Edition

Sam’s Links: January Edition

by Index Investing News
January 31, 2026
0

Sam works on innovation policy at Progress Ireland, an independent policy think tank in Dublin, and runs a publication called...

Transcript: Zach Buchwald, Russell Investments CEO and Chairman 

Transcript: Zach Buchwald, Russell Investments CEO and Chairman 

by Index Investing News
January 27, 2026
0

https://www.youtube.com/watch?v=WTUt5kpKgFwhttps://www.youtube.com/watch?v=WTUt5kpKgFw     The transcript from this week’s MiB: Zach Buchwald, Russell Investments CEO and Chairman, is below. You can...

The Deportation Labor Shock – Econlib

The Deportation Labor Shock – Econlib

by Index Investing News
January 23, 2026
0

Mass deportation is often framed as a pro‑worker policy. Remove unauthorized immigrants, the argument goes, and native wages will rise...

Next Post
Love Elvis? So Does Our Pick of the Week

Love Elvis? So Does Our Pick of the Week

Wholesale egg prices have ‘collapsed’ from record highs in December

Wholesale egg prices have 'collapsed' from record highs in December

RECOMMENDED

A Tax Victory in Monterey County

A Tax Victory in Monterey County

December 3, 2022
Simone Biles marries Jonathan Owens

Simone Biles marries Jonathan Owens

April 23, 2023
Three Reasons to Buy Gold

Three Reasons to Buy Gold

May 23, 2023
Evaluate 2022 Automotive Insurance coverage Charges On-line

Evaluate 2022 Automotive Insurance coverage Charges On-line

April 17, 2022
ETH ETF Next? Seasoned VC Vance Spencer Shares His Views By U.Today

ETH ETF Next? Seasoned VC Vance Spencer Shares His Views By U.Today

January 17, 2024
Los Angeles Rams GM Les Snead Talks Concerning the Worth of Draft Picks

Los Angeles Rams GM Les Snead Talks Concerning the Worth of Draft Picks

August 15, 2022
How To Collect Dividends Weekly And Four Factors For Success When Choosing

How To Collect Dividends Weekly And Four Factors For Success When Choosing

November 24, 2023
Burberry says being hit by slowdown in luxury spending By Reuters

Burberry says being hit by slowdown in luxury spending By Reuters

November 16, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In