Dan Katz and Daniel Di Martino, in City Journal, critique the claim from many leftwing economists that illegal immigration is a good thing because it “pushes down inflation” by keeping labour costs low. The pair argue instead that low-skilled and/or illegal migrants tend to receive more government benefits than they contribute in taxes, which inevitably increases government spending and thus boosts inflation.
Javier Milei Makes Fools of the “Experts”
As it began looking like Javier Milei might actually be elected President of Argentina, more than 100 leading international economists warned that this “far-right” political “wrecking ball” would “cause ‘devastation,’ spike inflation, expand poverty, and unemployment.” But as David Harsanyi relates in the Washington Examiner, Milei has tamed inflation, balanced the budget, shrunk the bureaucracy, deregulated the economy, driven down poverty and repaid billions in U.S. loans. And now, Harsanyi notes, Argentina is starting to boom.
