Wednesday, September 26

Another law of economics broken with fairly foreseeable consequences

You break economic laws and people will suffer. Whether you keep barriers on capital or labour, it will cost you. And it will cost you even more if you have lowered barriers, and then raised them. See this report on a tiny town of 8000 folks in USA which did this. Multiply this with 32,250 to get a theoretical impact on the entire population of USA and then think what could happen if all the illegal immigrants (estimated to be in the tens of millions) are chucked out.

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