I think most people have both intellectual and deeper, visceral reasons for the policies they promote. When people ask me why I defend immigration...Yes, there are lots of good intellectual reasons, but also, *it's what I grew up with*.https://twitter.com/Noahpinion/status/1056206835810791425 …
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In a time when unemployment was like 30%, you’re saying the fact we had fewer people entering the labor market made the depression worse? Man I gotta get my money back on my economics degree bc they sure as hell didn’t teach me that at George Mason Econ.
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That’s not what they taught you in GMU’s labor economics class taught by Bryan Caplan
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Caplan was still a grad student back then. He did teach a sweet law + economics class however. Alex I’ve appreciated our engagement over the last few months. I read the stuff you sent me. I still can’t for the life of me understand how supply and demand ends re: immigration
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Simple twitter version: Immigrants also increase demand.
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In theory then more people always means more jobs?
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In the long run, more people —> more prosperity.
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As measured how? Aggregate GDP or GDP per capita? What about inequality? What if the system itself is prone to inequality. Does this idea still hold?
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I refer you to Julian Simon.
End of conversation
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The two events probably don't have much to do with one another. The Great Depression wasn't caused by labor shortages, and the 50s-60s boom wasn't caused by strict immigration laws either.
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