How Immigrants and Foreigners Keep Prices Low

If one accepts the basic free-market concepts of comparative advantage and division of labor, it naturally follows that free trade and liberal immigration—the hallmarks of globalization—are good things. Virtually no economists dissent from this premise, and yet so much of the American public remains hostile to globalization. Why is this the case?

Many people . . . → Read More: How Immigrants and Foreigners Keep Prices Low

Can the Housing Rescue Bill Really Work?

Not too long ago, I confess I was in a rather panicked state of mind about the economy. This was after Bear Stearns tanked but before IndyMac was seized by the FDIC. I thought that if the U.S. government could intervene in a big way and refinance homeowners who were facing foreclosure, then the . . . → Read More: Can the Housing Rescue Bill Really Work?

Medical Tourism: The Latest Trend in Healthcare

Medical tourism may be defined as seeking healthcare outside one’s own country. This is becoming more common as people search for affordable healthcare. In the U.S., patients travel to countries that perform the procedure they need for a fraction of the cost of the same procedure done domestically. In Canada, . . . → Read More: Medical Tourism: The Latest Trend in Healthcare