Tuesday, June 20, 2006

Economists tout benefits of immigration

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"The Independent Institute has just released its Open Letter on Immigration to President Bush and Congress on the economics of immigration.

"The list of more than 500 signatories includes 5 Nobel Laureates—Thomas C. Schelling (University of Maryland), Robert Lucas (University of Chicago), Daniel McFadden (University of California, Berkeley), Vernon Smith (George Mason University), and James Heckman (University of Chicago).

"The Open Letter on Immigration reminds President Bush and all members of Congress of America’s history as an immigrant nation, the overall economic and social benefits of immigration, and the power of immigration to lift the poor out of poverty."

The group has yet to record a song or release a bumper sticker promoting their beliefs, however, and until such time their arguments will remain largely unpersuasive.