Another Bubble Ends


In today's Washington Examiner, Michael Barone observes that a new reality is emerging on Mexican immigration into the USA, because the steady flow of recent years has flowed to a trickle. As I posted four years ago, we could've seen this coming because demographics is destiny (and because immigration always declines precipitously during recessions). It's past time for a more rational approach to immigration, but as Barone notes it'll take years for the politicians to catch up to the bursting of the immigration bubble (which in itself is a strong argument for less top-down planning by the public sector and more bottom-up adjusting by the private sector, but more on that some other time).

Peter Saint-Andre > Journal