Arnold Kling shares his communist vision.
Matthew Slaughter, Dean of Dartmouth’s Tuck School of Business, praises H-1B visas. A slice:
I’m a Minnesota native. During my career I have competed against foreign-born scholars for jobs in America. Thirty-one years ago, my Ph.D. cohort at the Massachusetts Institute of Technology was half international, half U.S.-born. Today, many peer-school deans are immigrants. When I was on the rookie-professor job market, would I have had more and higher-paying options if the U.S. had barred its universities from hiring non-U.S. professors? Sure. But today would I be as good a researcher, teacher and dean if I had no foreign-born colleagues? No way. I would be less creative, less productive and ultimately lower paid.
Mr. Biden is invoking the 1953 Outer Continental Shelf Lands Act to remove in effect the entire Atlantic Coast, eastern Gulf of Mexico, the West Coast and Alaska’s Northern Bering Sea from future leasing. The law says the President may “from time to time, withdraw from disposition any of the unleased lands of the Outer Continental Shelf.”
But Congress’s goal was to promote more domestic oil and gas development while preserving a President’s discretion over private leasing. Every President since George H.W. Bush has used the law to set aside federal waters for conservation, though their removals were far less expansive than Mr. Biden’s. They also included time limits.
GMU Econ alum Dominic Pino encourages Trump to retain Archivist of the United States, Colleen Shogan.
Pierre Lemieux admires again the beauty of trade.
Even Max Boot is sharply critical of Biden’s cronyist move to block Nippon’s acquisition of U.S. Steel. Two slices:
Biden ratified Trump’s economically destructive embrace of tariffs and trade barriers in a chimerical quest to make U.S. manufacturing great again.
This policy reached an ugly culmination on Friday when Biden vetoed Nippon Steel’s attempt to buy U.S. Steel for $14.9 billion, basing his refusal on a spurious national security rationale. U.S. Steel and Nippon promptly filed a long shot lawsuit accusing Biden of acting on political grounds as a payoff to the steelworkers’ union for endorsing his aborted candidacy. As the lawsuit notes, Biden had already declared that it was “vital” that U.S. Steel remain in American hands on March 14, before the Committee on Foreign Investment in the United States had even begun to consider the transaction.
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Little wonder that most Americans have turned toward protectionism — they are not hearing pro-free trade arguments from either Republicans or Democrats. As the Cato Institute noted, “Numerous studies show that trade agreements have boosted not only trade among participating countries but also US economic growth, incomes, exports, and job creation on net.” I wish Biden had made that case to the public instead of becoming Trump’s mini-me on trade.
My Mercatus Center colleague Alden Abbott cheers the demise of so-called “net neutrality.” A slice:
As I explained in a very recent article, the Trump Administration could perhaps invoke Loper Bright in seeking to eliminate old regulations employing questionable statutory readings and in constraining the breadth of those new regulations that are issued. The 6th Circuit’s opinion serves as a warning that federal courts will not lightly sit back and “give a pass” to rules that are not precisely bound to statutory language.
