Economics Never Was A Dismal Science. It

By Keeping Labor Supply Down, Immigration Policy Tends To Keep Wages High. Let Us Underline This Basic Principle: Limitation Of The Supply Of Any Grade Of Labor Relative To All Other Productive Factors Can Be Expected To Raise Its Wage Rate; And Increase In Supply Will, Other Things Being Equal, Tend To Depress Wage Rates.

Even If This Advice To Portfolio Decision Makers To Drop Dead Is Good Advice, It Obviously Is Not Counsel That Will Be Eagerly Followed. Few People Will Commit Suicide Without A Push. And Fewer Still Will Pay Good Money To Be Told To Do What Is Against Human Nature And Self-interest To Do.

Contrary To What Many Skeptics Had Earlier Believed, The Soviet Economy Is Proof That A Socialist Command Economy Can Function And Even Thrive.

Macroeconomics, Even With All Of Our Computers And With All Of Our Information - Is Not An Exact Science And Is Incapable Of Being An Exact Science.

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