This winter, George Mason economist Tyler Cowen published The Great Stagnation, an ebook arguing that the United States has exhausted all its easy sources of growth. We have, Cowen says, no more low-hanging fruit: no more cheap frontier land to farm, no more places to build new interstates, no rural homes to electrify, no more girls to send to school and then add to the workforce. From now on, Cowen says, growth will be slower, and transformative innovations like toilets and telephones will be rarer.Cowen is alarmingly convincing, and The Great Stagnation received a round of queasy applause from the chattering classes—including from this publication. But maybe there remains one last shiny, fat apple hanging right in front of our faces, one last endeavor that would bring us fast, costless, and easy growth. It is immigration reform. The United States can grow faster by stealing the rest of the world's smart people.
To read the full, original article click on this link: Obama's immigration reform plan: He should admit lots of super-immigrants, the highly educated, future entrepreneurs. - By Annie Lowrey - Slate Magazine
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