au1929 wrote:And while we are at it why not decriminalize murder and robbery. That would solve the over crowded jail problem.
I agree with the spirit of your suggestion, but to solve the crowded jail problem, I would actually prefer decriminalizing drugs. But let me stick to immigration for now.
The difference between murder and robbery on the one hand, and immigration on the other hand, is this: We have ample evidence that societies get very ugly to live in when murder and robbery go unpunished. But the empirical evidence so far gives us little reason to believe that societies get any uglier when immigration goes unpunished. In fact, immigration was almost completely open in the United States before 1920, and it didn't keep your country from being a wildly attractive society. In fact, many would argue that free immigration
enhanced America's attractiveness at that time.
au1929 wrote:No. we should not have uncontrolled immigration. When someone Knocks at your door, do you see who it is or just let who ever wants to come in?
As it happens, the pre-1920 immigration policies I would like to see reinstated (minus the ban on the Chinese) did screen out people who were insane, criminal, or suffering from contagious diseases. Beyond that, I don't see Germany's doors as mine to keep shut, or America's doors as yours. If immigrants want to live in a host country, they have to find landlords who consent to rent homes to them, employers who consent to hire them, grocers who consent to sell them food, and so forth. They already do "see who it is" they're dealing with anyway, and the government doesn't add any value by "seeing who it is again". At least not beyond the public health and public safety concerns I mentioned.
If you want nothing to do with immigrants, that is your personal choice. Nobody forces any form of social intercourse with them on you, not even under perfectly open immigration. If, on the other hand, other Americans don't share your peferences and do want to have this kind of intercourse, I don't think it is your place to prohibit it to them.
Cycloptichorn wrote:Thanks for pointing my error out, Thomas, but I have to ask, that given that we carry such immense trade imbalances, does this theory still hold true? Is it an 'over-time' type of deal?
Yes, it does still hold true. It is an accounting identity that exports minus imports equals saving minus investment equals production minus consumption. America's trade deficit is the accounting flip side of the US government boosting spending while cutting taxes, American consumers buying lots of stuff on credit, and foreign investors believing that America is a good country to invest in. None of this changes the Mexican's willingness to send dollars home. And when they do, the impact on American production and consumption is the same with or without trade deficits, so those deficits are not relevant to this particular problem.