Aretae

The virtue of excellence

Tuesday, May 1, 2012

Other Factoid oTD

Here.

Freeing up immigration would do something close to doubling the total income in the world.  Bad rules are nearly the whole reason that people are poor.
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5 comments:

Leonard said...

Clemens estimates that if people move to places with good rules, worldwide income could increase by 50 to 150 percent.

Actually, what he shows is that if people moved to places with good rules, and their presence in those places had zero effect on those good rules, then worldwide income could increase by 50 to 150 percent.

Bad assumption. The reason the rules in the places that impoverished people want to flee are bad because they are populated by people like them. Plus democracy, of course.

May 1, 2012 at 4:11 PM
stephen said...

minor complaint. That seems more like a big fuzzy number than a factoid. Carry on.

May 2, 2012 at 9:43 AM
stephen said...

I see, after googling hours later, factoid = fuzzy number. brilliant!

May 2, 2012 at 1:19 PM
rightsaidfred said...

What Leonard said.

From just my casual observation, I don't see evidence of great gains from immigration. Example California: where's the great economic boom from all their immigrants? The greatest effect of that immigration is to insure Democrats are elected forevermore and keep making rules that drive out business.

May 6, 2012 at 9:00 AM
rightsaidfred said...

Bad rules are nearly the whole reason that people are poor.

Also, I get the vibe that you want to help people by giving them stuff: give them new rules, give them a new place to live, give them more stuff, etc. This never works.

May 6, 2012 at 3:06 PM

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