Tuesday, May 23, 2006

WSJ on Economics of Immigration

The Wall Street Journal Editorial Page is one of the best sources for daily capitalist analysis of current issues. I recommend all my readers to subscribe (I'm not paid to say that, but I'm working on it).

Today (Tuesday, May 23) the title is 'Mexican Working Capital' and the subject is remittances from Mexican immigrants to their families in Mexico. The anti-immigration conservatives have it wrong. The money that workers earn and send to their families is beneficial to both sides of the border, certainly superior to foreign aid and government monopolies such as Pemex. One of the most beneficial points is that the money doesn't go through the corrupt middlemen.

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