Immigration Economics

A Mexican immigrant worker harvests organic parsley at Grant Family Farms in Wellington, Colorado, on Oct. 11, 2011.  (John Moore/Getty Images)
A Mexican immigrant worker harvests organic parsley at Grant Family Farms in Wellington, Colorado, on Oct. 11, 2011. (John Moore/Getty Images)

Immigrants built America into a superpower, coming first from England, then from Germany, Ireland, France, Russia, and Eastern Europe. America had open borders. Virtually anyone arriving...

  • Cargo ships berth at a port in Qingdao, east China's Shandong Province on June 8, 2016.  (STR/AFP/Getty Images)

    The Trouble With the Trade Surpluses

    Everything is about balance. Work-life balance, balanced relationships, a balanced diet. Economists also talk a lot about balance. A balanced budget or balanced trade. The... Read more

  • A Macy's sign being illuminated on a store marquis, in New York.
(AP Photo/Mark Lennihan)

    Macy’s Shares Up After Being Halted Amid Takeover Rumor

    NEW YORK—Macy’s shares are soaring in morning trading, after being temporarily halted on the New York Stock Exchange on a news report that Saks’ owner... Read more

  • A cargo ship at a port in Qingdao, China, on March 8, 2016. (STR/AFP/Getty Images)

    What Exactly Is a Border Tax?

    Many countries try to make their products more competitive in international markets. Some subsidize exports directly and indirectly (China), some have very lax labor laws (Bangladesh),... Read more

  • Federal Reserve chair Janet Yellen speaks to educators about the federal reserve system on Jan. 12, 2017 in Washington, D.C. The Fed left the target range for its key policy rate unchanged on Feb. 1, 2017. (Aaron P. Bernstein/Getty Images)

    Fed Acknowledges ‘Animal Spirits’

    The Federal Reserve, along with everybody else, is playing the waiting game—waiting to see what the Trump administration and Congress can actually get done. The... Read more

  • Sandra Navidi, CEO of Beyond Global and author of $uperhubs. (Courtesy of Sandra Navidi)

    Book Review: ‘$uperHubs’

    The World Economic Forum (WEF) lasts only a few days in January, when the international elite jet into Davos, Switzerland, give talks, network, make deals, and... Read more

  • The total cost of servicing government debt in Canada in 2015–16 is $7,009 for a family of four, according to research from the Fraser Institute. (Fotolia)

    Debt Nation: Canada Heading in Wrong Direction

    Canada is in a strong fiscal position at the federal level relative to other G7 countries, but its seemingly endless deficit spending and mounting total... Read more

  • The Tokyo Stock Exchange in Tokyo and the Mexican Market Exchange in Mexico City. (KAZUHIRO NOGI/AFP/Getty Images ; RONALDO SCHEMIDT/AFP/Getty Images)

    Why Japan Benefits From a Crashing Currency and Mexico Does Not

    When foreign currencies fall against the dollar, it becomes clear not all countries are created equal. Japan and the Eurozone relish the times when the yen... Read more

  • Bank of Canada Governor Stephen Poloz and Senior Deputy Governor Carolyn Wilkins arrive for a press conference in Ottawa on Jan. 18, 2017. The central bank announced that it would hold its key interest rate at 0.5 percent. (The Canadian Press/Adrian Wyld)

    Impending US Tax Cuts Little Help to Canadian Economy, Says Bank of Canada

    OTTAWA—The Bank of Canada held its overnight rate target unchanged at 0.50 percent on Wednesday, Jan. 18 in the context of a largely unchanged economic... Read more

  • President-elect Donald Trump speaks to reporters after his meeting with television personality Steve Harvey at Trump Tower in New York City January 13, 2017. (Drew Angerer/Getty Images)

    IMF Boosts Growth Forecast for US, Cites Trump Impact

    WASHINGTON—The International Monetary Fund on Monday raised its forecast for the U.S. economy over the next two years, saying President-elect Donald Trump’s policies should boost... Read more

  • President and Founder of the World Economic Forum, Klaus Schwab, during an interview with The Associated Press in Davos, Switzerland on Jan. 15, 2017. (AP Photo/Michel Euler)

    Davos Forum Chief: ‘It’s Important to Listen’ to Populists

    DAVOS, Switzerland—At the Davos economic conference, “it’s important to listen to the populists,” says the founder of the annual gathering of movers and shakers, adding... Read more

  • Economists have been getting it wrong consistently since the Great Financial Crisis of 2008—and it’s affecting everyone.

    Why Economists Can’t Get It Right

    From wrong forecasts by the International Monetary Fund (IMF) and Wall Street, to wrong policies by the Federal Reserve and the Federal Government, wrong economic... Read more

  • Natural gas is flared off at a plant outside of the town of Cuero, Texas, on March 26, 2015. (Spencer Platt/Getty Images)

    US Could Be Energy Independent by 2026

    The United States could be energy independent for the first time since 1953. Declining energy imports and growing energy exports could make the United States... Read more

  • A 100 yuan note is placed above a newspaper featuring a photo of US president-elect Donald Trump at a news stand in Beijing on Nov. 10, 2016. (Greg Baker/AFP/Getty Images)

    How the US Could Win a Trade War With China

    President-elect Donald Trump talks tough on China and has appointed trade hawks Wilbur Ross and Peter Navarro to key positions in his administration. He has... Read more

  • American Eagle and South African Krugerrand gold bullion at the Chicago Coin Company in Chicago, Ill., on May 11, 2006. (Scott Olson/Getty Images)

    Getting Gold Back Into the System

    There are people who think the financial system based on the dollar will collapse sooner rather than later. For this event, they are hoarding gold,... Read more

  • FILE - In this Friday, Nov. 25, 2016, file photo, Hunter Harvey helps his dad, C.J., wheel a big screen TV at Target, in Wilmington, Mass. The U.S. economy grew at a 3.5 percent annual rate in the July-September quarter, the fastest pace in two years and more than the government had previously estimated. But the growth spurt isn’t expected to last. The gain in the gross domestic product, the economy’s total output of goods and services, came from added strength in consumer spending, business investment and the government sector, the Commerce Department said Thursday, Dec. 22.  (AP Photo/Elise Amendola, File)

    US Economy Grew at Strong 3.5 Pct. Annual Rate Last Quarter

    WASHINGTON (AP) — The U.S. economy grew at a 3.5 percent annual rate in the July-September quarter, the fastest pace in two years and more... Read more

  • An oil sands facility near Fort McMurray, Alberta seen in a file photo. (The Canadian Press/Jeff McIntosh)

    Stage Set for Canada’s Economy to Strengthen in 2017

    The groundwork has been laid for a stronger Canadian economy in 2017—stable oil prices, infrastructure spending, an improving U.S. economy with potential upside from fiscal... Read more

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