Our Debt-Capacity Fishery
Environmental economists have a useful framework to analyze limited but renewable resources. It is called maximum sustainable yield. For a fishery, it measures the number of fish that can be harvested each year without impairing the future viability of the…
The Economics of Immigration
“I pity the poor immigrant Who wishes he would’ve stayed home Who uses all his power to do evil But in the end is always left so alone.” – Bob Dylan 1967 The immigration debate…