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In İzmir, Turkey there is a monument to the idea of an independent judiciary Made in 2006 to celebrate institutions increasingly under threat from authoritarian corruption & violence At some silent point—in 21 years of dictatorship—it became a tombstone

US tariffs are taxes paid by Americans who buy imports. They are revenue from domestic sources, not foreign sources.

Dependency and depopulation? Confronting the consequences of a new demographic reality. Our new McKinsey Global Institute report is out! It explores the economic consequences of falling fertility rates. Thread with main conclusions 🧵 (link to the full report at the end)

“The number of employed workers in America would be rapidly shrinking today without immigration,” says Michael Clemens. “All of our jobs depend on the growing economy, & the growing economy can only exist due to immigration.” politico.com/news/2025/01/2…

Who Loses from Immigration Restrictions? - marginalrevolution.com/marginalrevolu… There are being other studies on how restrictions to protect American workers backfired, see for example, Michael Clemens study on ending Bracero program: aeaweb.org/articles?id=10…

“Americans can expect fewer job opportunities, higher prices for a range of goods,” from mass deportations, Michael Clemens says. “They can expect less new home construction...higher rates of institutionalization for the elderly, &...no change in the crime rate.”scrippsnews.com/politics/immig…

newyorker.com/news/the-finan…

The chaos from Trump's early actions may feel distant because they are acutely felt by immigrants, foreigners, and federal workers. But as I argue in my new column for Newsweek and Newsweek Opinion, in targeting them, the White House implicates us all. 🇺🇸 newsweek.com/chaos-washingt…

“USAID built a vast array of programs to help families foresee & adjust to climate shocks without migrating,” says Michael Clemens. Ending those programs “leaves migration as the only viable way for many families in the Western Hemisphere region to cope.” nytimes.com/2025/02/08/cli…

This historic statement by the American Bar Association should be read by all Americans.

Every time I re-read this exceptionally creative and insightful paper I feel incredibly proud of my former PhD students Ryan Hill and Carolyn Stein; very happy to see it getting published.

“...mass deportations will be generally disruptive to the economy & US labor market—& specifically hospitality will be hard hit,” Michael Clemens says. “Their labor is a crucial factor of production," & that production generates other jobs in the sector. latimes.com/business/story…

The largest channel for overseas talent remaining in the US, Optional Practical Training (OPT), is under threat. Michael Clemens finds slashing OPT would cause permanent losses to US innovation, productivity, economic growth, & job opportunities native workers.piie.com/blogs/realtime…

The largest channel for overseas talent remaining in the US, Optional Practical Training (OPT), is under threat. Michael Clemens finds slashing OPT would cause permanent losses to US innovation, productivity, economic growth, & job opportunities native workers.piie.com/blogs/realtime…

A new book by Peter Boettke and Candela is something to celebrate. This one brings together some of their crucial insights—which have inspired me—on the symbiosis between institutionalized liberty and productive specialization. Taproot of wealth. amazon.com/HISTORICAL-PAT…

Countries long associated with emigration are now rich enough to have passed their migratory peak. Meanwhile 94% of sub-Saharan Africans live in countries with GDP/person of less than $10,000. African migration is “an unstoppable force," Michael Clemens says.economist.com/briefing/2025/…