Category Archives: Ultimate resource

Trump’s Proposed Wall and Tax Are Folly

After “The White House … floated the idea of imposing a 20 percent tax on goods from Mexico to pay for a wall at the southern U.S. border” in January, I went on record about the idea at Learn Liberty also posted the piece. A slice: [Y]es, immigrants do take some jobs that peopleContinue Reading

Senator Tom Cotton and Rep. Mike Pompeo Spread Four Myths About Immigration

In September 2016, Senator Tom Cotton and Rep. Mike Pompeo advocated immigration restrictions in a Wall Street Journal op-ed. Their argument reaches wrong conclusions from wrong premises, as I explain in a letter to the editor. Here is the abbreviated version of the letter published in the WSJ. Learn Liberty published the full text of the letter in October. AContinue Reading

Undermining Terrorism With Property Rights

If young men in the Arab world had meaningful prospects of economic advancement, they would not be drawn into jihadi groups. Hence the key to successfully opposing ISIS and other extremist groups is to set up the institutions necessary for free-market capitalism: private ownership and freedom of exchange. So argues the great Peruvian Hernando deContinue Reading

Immigration Impasse

A cousin recently wrote me to ask what I think of the New York Times opinion piece, “Break the Immigration Impasse,” by Sheldon Adelson, Warren Buffett and Bill Gates. Here is my reply: Dear George, As you might expect, I like this piece. It makes eminent good sense. It’s just nuts—on its face it’s nuts—to send away reallyContinue Reading

Wasting the Ultimate Resource

I heard this afternoon from one of my fine former students. He is now working in the mortgage banking industry. After I wrote back to say that Part III of Free Our Markets is about the interventions that caused the housing boom and the financial crisis of 2008, he wrote back to say this: I’m definitelyContinue Reading

The Most Fun and Useful Article on Environmental Issues

…that I have ever read is called “The Doomslayer.” It begins this way: This is the litany: Our resources are running out. The air is bad, the water worse. The planet’s species are dying off—more exactly, we’re killing them—at the staggering rate of 100,000 per year, a figure that works out to almost 2,000 speciesContinue Reading

Ah, Trust!

I just experienced an uplifting little example of how trust facilitates exchange and conserves the ultimate resource. My wife Susan and I are in northern New Hampshire on a one-week hiking vacation. On our way to buy groceries today we passed a sign saying “best sweet corn”–a top item on our list for tonight’s dinner–soContinue Reading

Three Strong Arguments (of Many) for Immigration Reform

The Senate’s just having passed an immigration reform bill, it looks as if Congress might lighten the foolish, inhumane restrictions they have imposed for decades on the liberty of movement across our national border. The issue is tremendously important to the well-being of all people, so in hope of having an influence on the debate,Continue Reading

Immigration and Jobs

In an earlier post I asserted that immigration policy should be open borders to all peaceful people who want to come here to work. I noted that “This is not to say that some Americans won’t lose jobs to immigrants in the process.” Here is the promised discussion of the effects of immigration on domesticContinue Reading

A First Rule for Immigration Policy

In response to this post on Addressism, my former student Sean writes: “I will be interested to see how you would consider drafting an immigration policy (assuming that we cannot simply open up all borders).” Why assume that? At least, why not open up the borders to all who want to come here to work?Continue Reading

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