opening up to the general TL shape my object level view if you wannahttps://twitter.com/eigenrobot/status/955970580032864257 …
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Replying to @eigenrobot
We can't know the potential future value of those who want to immigrate, and especially can't know the value of their descendants.
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Replying to @danlistensto @eigenrobot
Trying to price immigration slots in this way is like shareholder capitalism focused on quarterly earnings. It's tunnel visioned on the present.
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Replying to @danlistensto @eigenrobot
Noah is a bad pundit though. The reason for open immigration is a n ethical one, not an economic one.
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Replying to @danlistensto
Noah is definitely a bad pundit no one can really KNOW the future value of immigrants but they probably have a better idea than we do and in any case they're going to pay up front while they credibly reveal their beliefs
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open immigration is a special case of this auction where q is set such that p = 0
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