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I'm not sure that it matters what the IQs of potential migrants are. Even those with low IQs have a comparative advantage in something.
Commented Aug 19, 2013 on Does the World Need More People? Posner at The Becker-Posner Blog
Does the World Need More People? Posner
To answer my own question: I am dubious. It is true that a country can get into economic trouble if the number of elderly people, who invariably impose heavy costs on a country’s health care system, becomes very large relative to the number of persons of working age, because then the financial ...
It really bugs me that they list "trade is win-win" as a myth. If the trade is between consenting individuals, it must be. That's just a tautology. They go off about international trade and China's industrial policy, but that's not what anyone means when they say that trade is win-win.
Commented Jul 9, 2013 on Econ 101 is What is Needed Most at Coordination Problem
Econ 101 is What is Needed Most
|Peter Boettke| Robert Atkinson and Michael Lind have it exactly reverse. Econ 101 isn't what is killing us, it is the denial of the practical impliactions of the science of economics that is. One must always remember that simple economics -- basic principles derived from the logic of action in...
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