New mission?The InterceptU.S. Citizenship and Immigration Services Will Remove “Nation of Immigrants” From Mission StatementRyan Devereaux
Read More »Will the US Government Shut Again? What to Watch
By Marc Chandler Originally posted at Marc to Market The short-term solution reached last month to extend the US federal government’s funding expires on Thursday, February 8. Leaders from both parties say they want to avoid another partial closure. Last month, parts of the federal government were closed for three days, which is about par for the course (around half of the government’s 19 shutdowns since 1977 lasted three days). The House of Representatives is planning to vote tomorrow on a...
Read More »Jason Smith — Immigration is a major source of growth
One of the findings of the dynamic information equilibrium approach (see also my latest paper) is that nominal output ("GDP") has essentially the same structure as the size of the labor force. The major shocks to the path of NGDP roughly correspond to the major shocks to the Civilian Labor Force (CLF). Both are shown as vertical lines. The first is the demographic shock of women entering the workforce.... With the positive shock of women entering the labor force ending, immigration is a...
Read More »UN Data on International Migration
Here’s a graph from the UN’s 2017 International Migration : And here’s another:
Read More »England, Employment, Wages and Brexit
The Guardian newspaper has a story about wages in England: A shortage of factory workers is starting to push up pay rates but wage rises in the services sector remain rooted at around 2%, according to the latest feedback from the Bank of England’s regional agents. The central bank said its agents, which are based in offices across the country, found that shortages this month across the manufacturing sector were leading to a “slight increase in pay growth”...
Read More »Not With a Bang, but a Whimper… Democratic Party Edition. An Op Ed.
A presidential candidate like Donald Trump should not be viable. Candidates he supports should not be viable. The existence of Donald Trump should be a boon for the Democrats. And, in fact, it has been. But it hasn’t been enough. Perhaps four (or eight?) years worth of results will tip the balance for Democrats, but it is reasonable to ask: why have Democrats been coming up short against Trump, both in the Presidential election and in special elections...
Read More »For the (Probably Not) Last Time, the DREAMers Are Not Taking Your Jobs
[unable to retrieve full-text content]For the (Probably Not) Last Time, the DREAMers Are Not Taking Your Jobs: I believe that a lot of well meaning people genuinely think this, and they deserve an explanation as to why they are wrong rather than just getting yelled at on humanitarian grounds.
Read More »The Mass Immigration Debate within the Socialist Party of America from 1910–1912, Part 1
The Socialist Party of America existed between the 29th July 1901 and the 31st December 1972. Before the party was repressed for its opposition to World War I and suffered splits over the question of Communist Russia, it was probably the most successful and largest radical party of the socialist Left in America, at least down to the 1920s.The Socialist Party of America was made up of Marxists, anarchists, some members of the Industrial Workers of the World (IWW) union, democratic socialists...
Read More »What is the Case against Marxism in a Nutshell?
That is, what is the case against the actual theory presented by Karl Marx in volume 1 of Capital? This was the only volume of Capital that Marx published in his lifetime, and volume 3 contradicts volume 1 in important respects.First, we need to know what Marx actually argued in volume 1 of Capital.The essence of Marx’s theory and his conception of the historical tendency of capitalism is as follows:(1) Marx had an elaborate labour theory of value on which he founded volume 1 of Capital (see...
Read More »Why did US Libertarians become disillusioned with Libertarianism?
First of all, it requires some study and serious effort.Here is some direct and fascinating evidence from Vox Day, a former libertarian personality who is now an Alt Right blogger, about why he turned against libertarian ideology both on the issues of immigration and free trade:[embedded content][embedded content][embedded content]As we can see, it was the feeble libertarian responses to the problem of free movement of people, and gaping holes in the theory of free trade that did it for Vox...
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