John Williams of Shadow Government Statistics
is a name to conjure with
in the investment industry, and I've always regretted that I didn't get to write about him before my 40-year career as a financial journalist was brought to an untimely end
. He's now produced a major analysis
of the net costs of legal immigration commissioned by our old friends
at Carrying Capacity Network
. Sample: Unsustainable 1.5 Million Annual Legal-Immigrant Influx Costs U.S. Taxpayers $330 Billion per Year.
This is important because the fiscal costs of current policy, reflecting Nobel economics laureate Milton Friedman
's celebrated observation
that “It`s just obvious you can`t have free immigration and a welfare state,” has been almost completely repressed
in public debate. These are legal
We hope to post a more detailed discussion soon.