145 Comments

Glenn: I'm commenting here as I don't know how else to reach you. On another subject.

Your listeners could also benefit for an update and clarification on our state of monetary policy (and tricks) and the threat of a change in the petro-dollar sales in oil

The Trump//Biden administrations have outright printed 5 trillion in Covid Money which has its cause in current inflation (some economist estimate at 50% of what we are experiencing (IDK). (This is MMT-like)

Also, Biden in his cutely named Inflation Reduction Act, seems to stay "traditional" in "Pay-for", which, will likely never be "Paid-for".

Representative John Yarmuth’s (D, KY-03), Chair of the House Budget Committee, in which he explicitly adopts or advocates to adopt an MMT approach to budgeting.

I'm one "Joe Six-Pack" who is trying to understand all this (how Inflation and product pricing increases - how and why monetary inflation (government printing) is affecting my life.

We know you, mostly as a philosopher on Social issues. But you are a renowned economist. I, for one would appreciate your addressing our purchasing destruction.

What is our government doing to us? https://www.levyinstitute.org/pubs/e_pamphlet_2.pdf

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Even among Black Americans ON THE LEFT there is enough disagreement that it is only non-Black people who make the mistake that Black Americans are the Borg. Also some Black Americans (like Pauli Murray or even Clint Smith in "How The Word Is Passed") have very emphatically not found mystical African roots in contemporary African countries and have been willing to take their chances with American political culture. Black Americans could have more opportunity to learn how they have been shaped by American political culture and how positive they think that is.

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You do not but when talking about African Americans one is talking about a deliberately miseducated people who as shown in the infamous "presentism" essay will grab for any scrap of history or myth about themselves. My thought was the more that African Americans see Africans and members of the Black diaspora grappling with this history the more that they will pursue education as a way to be part of that.

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But an alliance between African Americans and newly arrived immigrants from Latin America is not intuitively obvious at all. Latino immigrants are working out their own problems about what being American and from their country of origin means. (Puerto Ricans are American citizens so not Immigrants.)

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Obviously from the Black Atlantic perspective more circulation among all of the countries with substantial Black population is a good thing for African Americans because it makes African Americans more aware of what their real heritage is. This may make African Americans more open to education that would increase their earning power.

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1. African-Americans are not standing in line to do the menial work most immigrants take to survive: kitchen scud work, picking produce, sweeping streets, etc. Those with aspirations aim higher; so there is little to be concerned about in this connection for those on a higher trajectory. Those with lower aspirations willing to settle for less shall feel some slight competition, but with employers hungering for workers at all skill levels, should this be a worry? Anyone of any color not aiming higher gets what the market dispenses.

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I wish I could copy the relevant paragraph, but when Loury makes the “Bullshit!” Charge it is really a poor substitute for argument. As a self-identified rational and intellectual person, you should acknowledge this.

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Q.E.D.

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I grew up in NY and NJ, and witnessed regular race controversies, from Howard Beach to Tawanna Bradley to Freddie’s Fashion Mart. So, I was surely sensitized to these issues. I moved to LA for a couple of years in the mid-oughts. I was struck by the animosity between the local Black community and the Hispanics in that community. I had no idea they were at each other’s throats before I arrived. But, I grew to understand the arguments from the Black neighborhoods that the immigrants were driving wages down for the unskilled and/or manual laborers. It was unsettling, but also understandable.

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Libertarians often struggle to reconcile open borders with the welfare state, and this scenario is playing out across Europe, too. When people enter your country but ignore its ways, its customs, its language, and so forth, that's not immigration. It's an invasion. A border is among the key defining characteristics of a country. And if enough people from over there move over here and refuse to assimilate, eventually over here starts to look a lot over there. The question is whether immigration is good for a country or not. Legal immigration.

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Legal immigration, let’s debate the merits. Illegal, nothing to talk about. “Go sell crazy somewhere else, we’re all stocked up here.”

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Nov 8, 2022·edited Nov 8, 2022

Black Americans have been led astray if they believe Latino immigrants will help their causes. There are two main reasons for this:

1) Latino countries have entrenched “White supremacy” and everyone pretty much accepts it. From Cuba to Colombia, it is White people who control politics and the economy. If a person marries someone “less white”, they are often casually shunned, and disinherited if the family has money (“less white” ranges from the Indigenas to Chinese migrants to Black descendants of slaves). No one seriously questions this, nor does anything substantive to change it. Not Fidel Castro and not the migrants crossing the border today. Many who can now vote in America are turning to the Republicans since Trump made it ok to openly hold on to their racial beliefs of “darker is bad”…these are beliefs they brought from their home countries. And since they can now live among other people from Latin America due to large influx during last 3 decades, these racist beliefs tend to go unquestioned in their new U.S. milieu.

There is one truth that Black American folks do not want to look at: Aside from them, it is only the White, Western liberal who campaigns for “racial equality”. It is only the White, Western thinker who is their ally. Nowhere else on the planet is there a belief in “racial equality”. Just look: from Japan to China to Dubai from Buenos Aires to Caracas. Is a racial caste system in place that favors one race? Yes. Only in Europe and North America is “racial equity” seriously considered.

When you carelessly dilute the culture of the White, Western liberal man you also dilute the only culture on the planet who is even working on “racial equality and equity”.

2) Economics: this is all pretty obvious, but somehow no one talks about it.

a) more competition for entry level housing due to the influx of migrants negatively affects Black Americans.

b) more competition for unskilled, and semi-skilled labor holds down wages and once a critical mass of an immigrant country gets to control a sector, Blacks are quickly excluded (and business then takes place in Spanish, further excluding American Blacks). This can be seen in the construction and restaurant/hospitality industry.

Who sold Black Americans on the scam that “non White migration” is good for them? Do they not realize that these Latino migrants they call “not White” think of themselves as “white” or “closer to white”, and will just turn around and exclude them, with not one iota of “White Guilt”….?

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Nov 8, 2022·edited Nov 9, 2022

Glenn, on the matter of immigration I think our focus has been distracted by the problem of Hispanics crossing the Southern border in large numbers. I agree with Amy Wax that even elite immigration from South Asia and East Asia may have had unintended consequences that have been detrimental to our social fabric.

Asian American immigration skyrocketed after the Immigration Act of 1965, but even prior to 1990-2000 Asian American dominance in academics wasn’t nearly as disproportionate as it is now. A few years back Thomas Jefferson High School reached peaked Asian when its incoming class was 73% Asian and 18% white. These percentages were basically reversed around 1990. In various parts of the country elite immigration from South Asia and East Asia over the past 2-3 decades have shifted demographics at many of the elite high schools around the country. In NYC the former chancellor of education Richard Carranza frequently clashed with the Chinese American community over disproportionate representation of Asian Americans at schools like Stuyvesant. NYC does appear to be an outlier in that the Asian American community there actually has the highest poverty rate but regardless, the general trend still stands.

Asian Americans make up a fair share of the 6-member International Mathematics Olympiad team for the United States these days, but prior to the early 1990s there weren’t nearly so many Asian Americans on these teams and Jewish Americans were far more prevalent. Likewise Asian American SAT scores have continued to increase at rates far exceeding the increase in SAT scores for other ethnic groups over the past decade or so. I would also point out that in tech where I work, companies frequently present diversity statistics showing that at many elite companies Asian Americans might make up between 20-50% of workers in technical roles. This is misleading because a non-trivial percentage of those Asian Americans aren’t citizens or permanent residents and are on a work visa of some kind. Thus, the pool of Asian workers at these companies is being drawn from a much larger global population rather than the 6% of the general American population that’s of Asian descent.

I point this out because we seem to be obsessed with group disparities in America especially post-George Floyd. Yet few people seem to be able to think rationally about how even elite immigration might be detrimental as far as maintaining our social cohesion and exacerbating the group disparities that persist in this country. Opportunities for native born Americans of all races would surely increase if we weren’t so focused on attracting as many of the best and brightest from around the world.

It does seem like increasing geopolitical tension might resolve the elite immigration problem with respect to China over the coming years but I feel like the general point still stands. You can’t just open the floodgates to the entire world and tell it to send over its best and brightest and then lament the fact that Black and Hispanic Americans seem to be underperforming relative to Asian and white Americans as a result.

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As far as unlimited immigration, Black Americans will do exactly what they are told to by the Democratic Party or they will be instantly replaced, demononized, and driven from power.

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Nov 8, 2022·edited Nov 8, 2022

To me, it's all about fairness. My friends from India come here, after taking out loans to pay for their college degree in India, waiting in line to get a H1B visa, then have to wait 18 years (current wait time) before they can get the green card. During those 18 years, their life is no joke. They are at the mercy of their employer, they are employed in states like CA where rents are high and saving is harder, they have to send money back home to support their parents, they send their kids to public school, yet don't have a say in local elections and important issues such as school choice, so they are doomed to a half-life for about 2 decades. During this time, they are also careful to dot every i and cross every t, and not stray an inch outside of the Law, lest it jeopardize their legal status. They do all of this for the sake of eventual American citizenship. Compare these people with the guy who walks in across the border, is welcomed with open arms, gets legal status and a path to 'fast-track' citizenship. He can even commit crimes without harming his legal status as long as it's not too egregious. How is this fair?

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