Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 11-02-2018, 03:31 PM
 
Location: Middle of the valley
48,555 posts, read 34,911,433 times
Reputation: 73843

Advertisements

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.


https://www.cnbc.com/2018/11/02/fed-...rom-trump.html


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.
__________________
____________________________________________
My posts as a Mod will always be in red.
Be sure to review Terms of Service: TOS
And check this out: FAQ
Moderator: Relationships Forum / Hawaii Forum / Dogs / Pets / Current Events
Reply With Quote Quick reply to this message

 
Old 11-02-2018, 03:45 PM
 
Location: Sonoran Desert
39,089 posts, read 51,273,483 times
Reputation: 28336
Quote:
Originally Posted by Mikala43 View Post
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.


https://www.cnbc.com/2018/11/02/fed-...rom-trump.html


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.
Reply With Quote Quick reply to this message
 
Old 11-02-2018, 03:51 PM
 
5,888 posts, read 3,230,302 times
Reputation: 5548
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.
Reply With Quote Quick reply to this message
 
Old 11-02-2018, 03:55 PM
 
Location: Middle of the valley
48,555 posts, read 34,911,433 times
Reputation: 73843
Quote:
Originally Posted by phantompilot View Post
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.
__________________
____________________________________________
My posts as a Mod will always be in red.
Be sure to review Terms of Service: TOS
And check this out: FAQ
Moderator: Relationships Forum / Hawaii Forum / Dogs / Pets / Current Events
Reply With Quote Quick reply to this message
 
Old 11-02-2018, 04:12 PM
 
45,610 posts, read 27,230,182 times
Reputation: 23912
Who is reducing immigration? - nobody.

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.
Reply With Quote Quick reply to this message
 
Old 11-02-2018, 04:16 PM
 
Location: Middle of the valley
48,555 posts, read 34,911,433 times
Reputation: 73843
Quote:
Originally Posted by DRob4JC View Post
Who is reducing immigration? - nobody.

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.
__________________
____________________________________________
My posts as a Mod will always be in red.
Be sure to review Terms of Service: TOS
And check this out: FAQ
Moderator: Relationships Forum / Hawaii Forum / Dogs / Pets / Current Events
Reply With Quote Quick reply to this message
 
Old 11-02-2018, 04:20 PM
 
Location: Salisbury,NC
16,760 posts, read 8,226,477 times
Reputation: 8537
Fed chair is correct. Our population is aging rapidly. In certain areas of the nation there are not enough people to fill the jobs.

So GDP slows when there are not enough people.
Reply With Quote Quick reply to this message
 
Old 11-02-2018, 04:24 PM
 
Location: NE Mississippi
25,593 posts, read 17,323,449 times
Reputation: 37363
Quote:
Originally Posted by Mikala43 View Post
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.


https://www.cnbc.com/2018/11/02/fed-...rom-trump.html


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?
Reply With Quote Quick reply to this message
 
Old 11-02-2018, 04:26 PM
 
15,537 posts, read 10,518,276 times
Reputation: 15821
We aren't reducing immigration. We are trying to make illegal aliens come in the lawful way.
Reply With Quote Quick reply to this message
 
Old 11-02-2018, 04:34 PM
 
Location: NE Mississippi
25,593 posts, read 17,323,449 times
Reputation: 37363
Quote:
Originally Posted by Mikala43 View Post
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.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies

All times are GMT -6. The time now is 05:19 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top