• Investing
  • Stock
  • World News
  • Editor’s Pick
New Finance Era
Investing

Immigration Is Good, Just Like Trade

by May 27, 2025
written by May 27, 2025

Jeffrey Miron

immigration

In response to President Trump’s 10 percent Liberation Day tariffs on all US imports, both conservative and liberal voices argued, correctly, that open trade is beneficial, implying tariffs and other restrictions are harmful.

Comparatively few voices, however, whether from the left or right, have pushed back vigorously against the administration’s attempts to reduce immigration; the main opposition has been to deportations that violate due process.

Yet just as trade is beneficial, so is immigration: both expand the economic pie and should therefore face minimal restrictions.

The standard counterargument concedes that legal immigration should be permissible but claims that illegal immigration is a serious problem. Opponents cite a fiscal burden on taxpayers, labor-market pressure, national security and public safety issues, and fairness to would-be legal immigrants as reasons to stop the inflow of illegal migrants.

Immigration opponents often overstate these arguments.

But even if illegal immigration is as bad as claimed, the solution is widening the legal gate, not building a higher wall. For example, the US should raise employment-green-card caps, enlarge seasonal-worker quotas, and expand family reunification.

Trade in goods and trade in labor are both voluntary exchanges that make the parties involved better off. Just as tariffs distort markets, reduce efficiency, and waste enforcement resources, so too do restrictions on immigration. The same intellectual coalition that rightly opposed the Liberation Day tariffs should also champion a “Liberation Day” for would-be Americans.

This article appeared on Substack on March 27, 2025. Jonah Karafiol, a student at Harvard College, co-wrote this post.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump delays imposing 50% tariffs on EU until July 9
next post
Don’t Count on Tariff Revenue to Cover the “One Big Beautiful Bill”

You may also like

Election Policy Roundup

May 27, 2025

Don’t Count on Tariff Revenue to Cover the...

May 27, 2025

Don’t Put a Tariff on Barbie: Global Trade...

May 23, 2025

Financial Surveillance Is Expanding—But So Is the Resistance

May 23, 2025

Tariffs on Imports from China Are Still Too...

May 23, 2025

Friday Feature: LUMIN Schools

May 23, 2025

Shifts, Not Shocks: Rethinking Rust Belt Decline

May 23, 2025

The Best Way to Expand Naloxone Access? Clear...

May 22, 2025

Congress Should Repeal the Low-Income Housing Tax Credit,...

May 22, 2025

Debunking Protectionist Claims About Tariffs and Industrial Expansion

May 22, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Election Policy Roundup

      May 27, 2025
    • Don’t Count on Tariff Revenue to Cover the “One Big Beautiful Bill”

      May 27, 2025
    • Immigration Is Good, Just Like Trade

      May 27, 2025
    • Don’t Put a Tariff on Barbie: Global Trade Increases the Variety and Lowers the Price of Dolls and Almost All Else We Buy

      May 23, 2025
    • Financial Surveillance Is Expanding—But So Is the Resistance

      May 23, 2025
    Footer Logo
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 newfinanceera.com | All Rights Reserved

    New Finance Era
    • Investing
    • Stock
    • World News
    • Editor’s Pick