Former US Chief Economist; mostly IS/LM, Solow/RCK; Not CV19 vaxxed; looking to influence those who have influence.
Joined October 2013
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Would you compromise on a "big bargain deal", say: $40 per ton carbon tax at every primary source point (Dem's interest), in exchange for 25 years of ZERO legal immigration and end to all work visa programs, TPS, refugees, asylum, etc.(MAGA's interest).?
JFV is starting to wonder what would have happened if Spain had not received immigration –immigration that has upended Spanish culture. Soon he’ll wonder about the economics of it, and realize that his fear mongering over population decline is misplaced.
Actually, yes. Standard Solow returns higher income per capita (Ypc) to slower (or negative) population growth. Moreover, there are at least half dozen mechanisms that ensure continued (and possibly faster) technological progress and Ypc growth.
We are making progress Gentlemen !! There is no economic case for mass high skill immigration: xm668.substack.com/p/there-i…
EXCLUSIVE: JD Vance says H-1B visa program should be eliminated
humanevents.com/2026/10/01/e…
The case for ZERO legal immigration: 1) America can grow without immigration. 2) There is no economic case for mass high skill immigration. 3) America's population decline is not an economic concern. 4) Only natives' improving living standards matter. At XM668.substack.com
Advocating for the world's high skilled to come to US, stuffed under the false cloak of “is good economics for the US” (it isn't) doesn’t make it any less a globalist tripe. America has only one moral duty: our own, the nation-state, not "humanity", nor "human progress".
The notion that there are no good arguments for immigration restrictions (or tariffs), and that those come from the racist "chuds" against "governing smart ones" who know better, is appalling.
RH: "The best 'culture' in terms of establishing highly functioning societies is the one created by smart people". Below, the smart people governing. The notion that those who govern us are smart and know anything about anything is preposterous.
Notes: 1) The city/regional based type studies consistently fail to properly identify the wage/income impact (as the study indicates); industry level assessments could face similar problems. Proper studies puts the labor demand elasticity at -0.4.
2) The execution effect call for a simple answer: there is nothing a foreigner does that and American couldn't do.
There is nothing new in this piece by Hanania beyond the usual charlatanery about immigrants’ "innovation", “entrepreneurship”, and city-agglomeration “benefits”.
WRT to "innovation", as per below, immigrants: a) don’t have any incidence in patenting, and even if they had any, b) patents are NOT innovation. There is no economic case for mass high skill immigration: xm668.substack.com/p/there-i…
2) The execution effect call for a simple answer: there is nothing a foreigner does that and American couldn't do.
Notes: 1) The city/regional based type studies consistently fail to properly identify the wage/income impact (as the study indicates); industry level assessments could face similar problems. Proper studies puts the labor demand elasticity at -0.4.
High skill immigrants have NO incidence on patents (and patents are NOT innovation). Execution is perfectly doable by native talent. As advanced here: There is no economic case for mass high skill immigration: xm668.substack.com/p/there-i…
Notes: 1) The city/regional based type studies consistently fail to properly identify the wage/income impact (as the study indicates); industry level assessments could face similar problems. Proper studies puts the labor demand elasticity at -0.4.
3) The patenting results, at variance with multiple prior studies, at worst show the lack of result robustness to data, specification and identification; at best, that H1 Bs have not incidence; but even if they did, patents -as we have argued are NOT innovation.