Wednesday, October 8, 2008

Greg Mankiw's Blog: Lessons from the Past

Greg Mankiw's Blog: Lessons from the Past

What should be done? We should encourage the immigration of prime-age individuals. Beginning in 2007, net immigration fell to half of its level over the previous five years. Increasing immigration would increase the demand for housing and raise home prices. And note that the benefit would be immediate. Home prices -- and the value of subprime obligations -- would rise in anticipation of a higher population base. The U.S. particularly needs highly skilled workers. These workers not only would purchase homes, but would generate higher living standards for all Americans.


What is high GDP?
Super sperm + super egg = high GPD

No comments: