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The head of the U.S. central bank has some concerns about reducing immigration to the U.S.
Doing so could stunt growth the labor force and therefore hurt the U.S. economy long term, Fed Chairman Jay Powell said in a letter to a Democratic senator, seen by Bloomberg News.
I just find it interesting that the view is coming from an economic stand point, and when Mr. Powell is fired we'll know why.
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The head of the U.S. central bank has some concerns about reducing immigration to the U.S.
Doing so could stunt growth the labor force and therefore hurt the U.S. economy long term, Fed Chairman Jay Powell said in a letter to a Democratic senator, seen by Bloomberg News.
I just find it interesting that the view is coming from an economic stand point, and when Mr. Powell is fired we'll know why.
This is quite true. Immigration is a boon to the economy in many ways. But it does not have to be illegal immigration. Maybe an more ordered approach to meeting our needs would be better. On the other hand, letting the "unseen hand" of labor supply and demand work its magic has some appeal. We have done a pretty good job of getting workers into the industries where they are needed with our current ugly system of illegal immigration. That success is chief among the reasons that we have not been able to address it legislatively.
It would help the citizens immensely but would hurt the government and banker cartels big Ponzi schemes...like all Ponzis these require a fresh supply of victims every year to stay afloat.
Tax-farming, Ponzi-scheming banker supports importing more victims into the US - what a shocker.
It would help the citizens immensely but would hurt the government and banker cartels big Ponzi schemes...like all Ponzis these require a fresh supply of victims every year to stay afloat.
Tax-farming, Ponzi-scheming banker supports importing more victims into the US - what a shocker.
When the economy hurts, individuals end up hurting too.
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We want to reduce illegal activity, which includes illegally sneaking into the country.
Anytime someone breaks the law and goes to jail, it hurts the economy and the job market since it take potential workers out of the job pool.
That's weird, because the migrant caravan has a legal right to come and request asylum.
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The head of the U.S. central bank has some concerns about reducing immigration to the U.S.
Doing so could stunt growth the labor force and therefore hurt the U.S. economy long term, Fed Chairman Jay Powell said in a letter to a Democratic senator, seen by Bloomberg News.
I just find it interesting that the view is coming from an economic stand point, and when Mr. Powell is fired we'll know why.
Mr Powell may be fired "for cause", but may not be fired "at will". Policy disagreement does not constitute "for cause".
Quote:
“There would be no such thing as Fed independence or even a shadow of Fed independence, if the Fed chairman could be fired,” he said.
Similar to other independent regulatory agencies, like the Securities and Exchange Commission, the Federal Reserve Act, section 10.2, stipulates that a president can remove a Federal Reserve governor “for cause” rather than “at will.”
This is commonly understood as a severe, egregious or criminal act, “not a disagreement with the monetary policy they are pursuing,”
https://www.marketwatch.com/story/wh...icy-2018-10-11
It is convenient for those on The Left to change the subject to immigration when the subject is actually illegal immigration. Do I have to explain they are not the same thing?
That's weird, because the migrant caravan has a legal right to come and request asylum.
You pretend to be naive. We have a right to turn them down. Which we will. Why are you so threatened by that fact?
Some of them will arrive. They will request asylum, and then they will be detained until we get around to hearing their cases. That's the way it should have been done all along. You should look for tent cities to be built; we look for more wailing from The Left and more pictures of crying children and desperate looking parents.
It won't work. In the end all but the most compelling cases will be denied and everyone will be sent back to Mexico.
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