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What Does it Cost to Keep Them Out?

JUNE 25, 2014

What do we give up to get "Made in America?" What are the consequences of requiring visas to live and work somewhere else?

Host Janet Neilson joined participants and Prof. Don Boudreaux of George Mason University to discuss: 

  • What we give up to “buy local" 

  • How keeping immigrants out carries a cost

  • What our policy decisions mean to the rest of the world

 

This event was based on Frédéric Bastiat's concept of "What is Seen and What is Not Seen." 

Visit FEE's module on Frédéric Bastiat

Listen to a podcast of What is Seen and What is Not Seen

Read this Freeman column, Illuminating the Unseen

 

Prof. Boudreaux has a video on human prosperity, one of the major benefits of freer trade and progress, at Marginal Revolution:

Check out the rest of this MR University course here.

 

For more on trade and immigration policy, check out these Freeman columns: 

Absorbing Immigrants

The Magic of Free Trade

Want Peace? Promote Free Trade

Does Trade Exploit the Poorest of the Poor?

Politics and Foreign Trade

A Free Market Case Against Open Immigration?

 

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Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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