April 22, 2024
World Economy

World Economy Latest: US Migration Dilemma

I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at Enda Curran’s and Augusta Saraiva’s reporting on the immigration debate. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.

A basic tenet of textbook economics says when the government sets a limit on something at a lower level than the free market would, there will be “cheating” to get around that limit. Set cigarette import duties high enough, and smugglers will bring in the goods illegally.

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