TESTIMONY -- Immigration and our economy.
Madeline Zavodny: "Immigration overall does not have
any adverse effect on employment among U.S. natives, and highly educated immigrants actually have a
positive effect on natives’ employment."
(2013): “If the U.S. doubled its total immigration and prioritizedbringing in new workers, it could add more than half a percentage point a year to expected GDP growth.”
An additional 100 immigrants with advanced degrees
regardless of field or where they obtained their degrees
is associated with an additional 44 jobs among US
NEW STUDY -- State spending limits don't work.
Ben Zycher :"30 states have enacted formal
limitations on taxes, budgets, or outlays as tools with which to strengthen fiscal discipline . . . theempirical finding reported here is simple and powerful: [they] are not effective."
A good jobs report should worry Obama.
In addition to making the administration’s apocalyptic rhe
toric look foolish, there was another bit of badnews for the Obama administration in the data..."
How the online sales tax got through the Senate.
Tim Carney: "Once Wal-Mart and Amazon join
hands, pro-business Republicans were happy to support legislation leading to higher taxes."
Inflation not our biggest concern.
Steve Conover :"For some strange reason [Republicans] are wrongly
giving fear of money printing a higher priority than the growth debate."
Do Keynesians care about the future
Maynard Keynes’s advocacy of running big budget deficits during downturns evidenced comp
letedisregard for the future."
The changing tune of austerity (and why 2023 could bring an encore).
the Administration and Congress undertake tax and entitlemen
t reform before it’s too late."
Highlights from AEI
Annual Dinner on Wednesday.
Rep. Paul Ryan(R-WI): "The progressive state
offers a sense of security.
But it’s a false sense of security
because government can’t keep all its
promises. . . .
We have to explain that conservatism is about more than the economy. It’s also about our culture. It’s about the kind of country we want to be. It’s about the kind of life we want to share
. . . . Wehave failed to communicate this vision to those who have never heard of it."***