Immigration is better than industrial policy
We have heard a whole lot over the past eight years about the need to revitalize blue-collar America. But factories don't operate because presidents dump billions of borrowed dollars into places chosen for politically strategic reasons. Widgets don't get made and the supply chain doesn't keep churning along because the president orders it—no, not even if he uses the word "hereby." Mostly, the economy spins ever onward because individuals show up for work and produce something that other people—their employers, customers, clients, donors, etc.—value and are willing to pay for,...