Home (Post) Mobile Authors Say Anything Register Login

Thursday, November 23, 2006

The Humor Behind the Laffer Curve

Most of us know of the Laffer Curve.

Yesterday, Art Laffer was on Rush with Roger Hedgecock and made a statement to the effect of - illegal immigrants should be allowed to stay because all they really lack is a little paperwork.

Dug up an interesting article on Laffer here are some excerpts:
On immigration:

Immigration is the lifeblood of American prosperity. These people are not a problem, they are a solution. When you get this high-quality labor coming in - including illegals - it does not get any better. If we were able to stop illegal immigration, you’d see California fall off the face of the earth.


Controlling our borders and verifying that people who are in this nation is not just a matter of paperwork; it is a matter of the Rule of Law.

If we ignore the laws of our nation, how in the world do we expect people in Iraq to understand those principles?
On the trade deficit:

We’re the only developed country that is a growth country. Do growth companies lend money or borrow money? They borrow money. We are the capital magnet of the planet. Where would you like your money invested? The Middle East? How about Hugo Chavez’s Venezuela? [To generate the dollars needed] to buy U.S.-located assets, [foreigners have] to sell more goods to us, and they’ve got to buy less goods from us. The only way they can generate the dollar cash-flow to invest in the United States, is for them to run a trade surplus with us, and us to have a trade deficit ...

Do not think of our trade deficit as a problem. It is an answer. These people are providing us with the real resources that increase our output, employment, production, productivity.


Why do we want to allow China the surplus to throw US dollars around and drive up the price of oil? Every dollar that China obtains from American commerce can be used to price us out of the world market.

---

Being right on economics does not mean someone automaticly correct on national policy.

FR Adds: If our prosperity is based on illegal immigration, then our prosperity is not legitimate and liable to burst just as the dot com bubble did.

And do we really want to have the prosperity of our nation to be built on the backs of people whose first act in this nation is to disrespect and disobey our laws?

Talk about a slippery slope.

Comments

Rob
Rob
18558 comments
Send a private message

The threat of illegal immigration is not necessarily an economic one.  The real threat is that immigration, if it remains unchecked, is going to create (or has already created) a huge subsection of the population that has a vested interest in the fruits of our nations economy while holding no loyalty to the system of government that fosters that economy.

As Teddy Roosevelt put it:

In the first place we should insist that if the immigrant who comes here in good faith becomes an American and assimilates himself to us, he shall be treated on an exact equality with everyone else, for it is an outrage to discriminate against any such man because of creed, or birthplace, or origin. But this is predicated upon the man’s becoming in very fact an American, and nothing but an American...There can be no divided allegiance here. Any man who says he is an American, but something else also, isn’t an American at all. We have room for but one flag, the American flag, and this excludes the red flag, which symbolizes all wars against liberty and civilization, just as much as it excludes any foreign flag of a nation to which we are hostile...We have room for but one language here, and that is the English language...and we have room for but one sole loyalty and that is a loyalty to the American people.

Immigrants who come here need to a) be screened so ensure that they’re not a security threat and b) have to go through a process to ensure that they are loyal to our system of government.

I agree that the influx of immigrants is a positive thing for this country, and I’m all for making it easier to legally get into this country by streamlining/shortening the process, but illegal immigration has got to stop.

In the past I’ve called this the “big wall with a wide fence” approach, and it is the only one that makes sense.  We cannot simply fling the doors open on the border, but we can’t be too restrictive on who we let in either.


When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

-- Thomas Jefferson

Rob’s recently listened-to songs:

robport.gif border=0

Rob on November 23, 2006 at 07:51 pm

Rob: I would agree that there are other bad consequences of illegal immigration besides the economic ones.  The economic harm is quite enough to justify preventing it, though.


Hope and change, in a free world, are the private possessions of motivated individuals.

robert108 on November 23, 2006 at 09:06 pm

I have no problem with increasing legal immigration quotas.

In fact, for every illegal deported, a legal immigrant who got in line should be allowed in - it would cause the illegals to turn on eachother in hopes of getting their families in legally.

freerepublicans.com on November 23, 2006 at 09:06 pm
Rob
Rob
18558 comments
Send a private message

In fact, for every illegal deported, a legal immigrant who got in line should be allowed in - it would cause the illegals to turn on eachother in hopes of getting their families in legally.

I like that logic, though I’m not sure how practical a system that would be to administer.

The solution to the illegal immigration problem should be predicated on two points: 1) Legal immigration is good for this country and 2) Illegal immigration is not.


When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

-- Thomas Jefferson

Rob’s recently listened-to songs:

robport.gif border=0

Rob on November 24, 2006 at 07:28 am

In the past I’ve called this the “big wall with a wide fence” approach, and it is the only one that makes sense.

It doesn’t make that much sense.

How about a “big wall with a big door(or gate).”

smilesmilesmile


What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.


The Whistler's signature
The Whistler on November 24, 2006 at 07:34 am
Rob
Rob
18558 comments
Send a private message

Um...yeah.  That’s it.

The turkey made me write that last night.


When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

-- Thomas Jefferson

Rob’s recently listened-to songs:

robport.gif border=0

Rob on November 24, 2006 at 07:38 am

The turkey made me write that last night.

smile LOL


What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.


The Whistler's signature
The Whistler on November 24, 2006 at 07:40 am

Just because Laffer got one thing right doesn’t mean he is right about everything; or about anything else, for that matter.  This is the flaw in the “appeal to authority” mindset.  There is no substitute, IMO, for thinking for yourself about everything.
IMO, the only immigration that is good for our country is that which we decide is beneficial to us.  The burden of proof is on the immigrant, or should be, to prove that he or she is going to benefit this country.  “Eternal vigilance is the price of Liberty.”


Hope and change, in a free world, are the private possessions of motivated individuals.

robert108 on November 24, 2006 at 06:18 pm

Laffer’s obviously right about immigration in general, and I think also right about the trade deficit.  We need legal immigrants as workers, so part of the solution it seems to me is to improve the guest worker program while continuing to turn the screws on illegal workers to make it harder for them to enter illegally and to work illegally once here.

If the illegal workers voluntarily return to Mexico and reenter legally, and were neither charged with nor convicted of a crime while in the US illegally, what’s the beef?  How do you, in the circumstances where there is no physical evidence, sort out those who had in the past illegally entered the US from those who didn’t?

I think most of us agree that our economy needs the workers.  Let’s bump up the guest worker program to meet our current needs, while continuing to improve our enforcement of border security and illegal hirings.

Carrick on November 25, 2006 at 05:50 am
Page 1 of 1        

Post a Comment


Before commenting, please recite:

Grant me the serenity to ignore the trolls,
the courage to debate with honest opponents,
and the wisdom to know the difference.

Name   
Email   
URL   
Human?
  
 

Upload Image    

Remember my personal information

Notify me of follow-up comments?

Note: Notifications will only be sent to confirmed email addresses. Confirm your email address here.