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Joined: 28 Dec 2005 Posts: 12651
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Posted: Thu Oct 28, 2010 11:21 pm Post subject: High-Skilled Immigration and Economic Growth |
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PeakTrader said...
Rather than export-led economies losing through inflation, interest rates, and currency exchange rates, which is a slow process, the U.S. should allow more immigrants who are wealthy, high-income, and high-skilled, particularly from export-led economies.
Those immigrants can raise their living standards substantially by selling their assets, exchanging their currencies for dollars, and moving to the U.S.
They will create jobs and promote economic growth, and when a real recovery is underway, the Fed can absorb those dollars to maintain sustainable growth.
The U.S. government, over the past two years, has refused to refund the dollars sent from the private sector to the U.S. government through export-led economies. Instead, the U.S. government grew bigger and more powerful, at the expense of the U.S. masses, who will pay one way or another. |
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