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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Jim McMannis who wrote (107820)2/3/2010 5:26:49 PM
From: Hawkmoon2 Recommendations  Read Replies (2) of 116555
 
If you did that you'd have to throw the illegals out (plus some legals) because we'd need the jobs. Actually that already happened once in USA history.

Well, if we fully adopt the Austrian model, it's apparent that labor costs should be what the market can bear. So it makes sense, while Mish is in this union busting mode, that we drive corporate labor costs down even more by deregulating immigration and let anyone come to the US who can find a job.

And since Mish believes that cutting military spending by 85% will reduce war, maybe the same logic will work if we reduce police and firefighting budgets by 85%, we'll see corresponding decreases in serious crimes and fires.

It seems the economically "rational" thing to do.. ;0)

Hawk
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