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Foreign Engineers and Scientists

Greg Mankiw makes an interesting point. Two-thirds of doctoral candidates in science and engineering in U.S. universities are foreign-born. But only 140,000 employment-based green cards are available annually, and 1…

Measures of Global Income

foreign sources for providing productive resources (such as labor) minus the income paid to foreign residents in exchange for their productive resources. Net foreign income is also called “net primary…

Trump Tariffs, Who Pays?

…spike from tariffs. So are Trump officials right? Are studies concluding that Americans, not foreigners, are paying the tariffs wrong? No and no. The evidence that foreigners aren’t paying the tariffs, which…

The 2022 Globie: Money and Empire

…by foreign investors when doubts arise about the solvency of the projects they have financed. The withdrawal of foreign capital exacerbates the instability of the last stages of the cycle….