Connect with us

Hi, what are you looking for?

Editor's Pick

Reducing Illegal Immigration

Jeffrey Miron

immigration legal

What policies, if any, can reduce the flow of illegal immigration?

The libertarian answer is expanded legal immigration. Libertarians believe this would benefit the United States, the sending countries, and the immigrants.

The more popular answer is roughly the opposite: stricter bans on immigration via guards or border walls.

Numerous examples, however, suggest that banning something (drugs, guns, prostitution, abortion) has only a modest impact on its prevalence.

Thus, without expanding legal immigration, the US can only curtail illegal immigration by reducing the demand to migrate here.

Fortunately, the US has two options that fit the bill. The first is repealing the War on Drugs, which is responsible for much of the violence in Latin America. Absent this chaos, fewer people would attempt to migrate.

The second is the elimination of trade restrictions against Latin America (and other countries). This would raise wages and improve economic conditions south of the border, again reducing the flow of migrants.

Happily, both policies make sense independent of immigration policy. Two “win‐​win” options, if we only have the sense to adopt them.

This article appeared on Substack on January 29, 2024.

You May Also Like

Editor's Pick

One of the key themes, if not THE theme, of 2023 was the dominance of the mega-cap growth trade. The Magnificent 7 stocks handily outperformed...

Editor's Pick

Eric Gomez On January 25, Taiwan’s military inducted its first group of conscripts for a one‐​year service period since Taipei announced the extension of mandatory...

Editor's Pick

The previous week was reduced to just a short 3-day trading week as Monday was declared a special holiday while on Friday, the markets...

Editor's Pick

In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews where the markets stand as we head into earnings from MSFT, GOOGL, AAPL and...