Politicians, pundits and economists are all forecasting horrific impacts on the U.S. economy as sequestration hits Friday. The basis for this view is the standard --- Keynesian --- claim that spending cuts slow economic growth, perhaps even causing a recession.
Jeffrey Miron | All Articles
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Jeffrey A. Miron is a Senior Fellow at the Cato Institute and the Director of Undergraduate Studies in the Department of Economics at Harvard University. His area of expertise is the economics of libertarianism, with particular emphasis on the economics of illegal drugs. Miron has served on the faculty at the University of Michigan and as a visiting professor at the Sloan School of Management, M.I.T. and the Department of Economics, Harvard University. From 1992-1998, he was chairman of the Department of Economics at Boston University. He is the author of Drug War Crimes: The Consequences of Prohibition and The Economics of Seasonal Cycles, in addition to numerous opeds and journal articles. He has been the recipient of an Olin Fellowship from the National Bureau of Economic Research, an Earhart Foundation Fellowship, and a Sloan Foundation Faculty Research Fellowship. Miron received a B.A., magna cum laude, from Swarthmore College in 1979 and a Ph.D. in economics from M.I.T. in 1984.
Arizona’s new immigration policy, which requires aliens to carry immigration papers and directs the police to detain “suspected aliens,” has re-ignited debates over how to reduce illegal immigration. Most of this debate involves wishful thinking: the claim that stricter border controls or Arizona-like measures can make a real difference. The reality is that only four policies can significantly reduce illegal immigration.