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Article: Avoiding extreme solutions: in trying to solve the problem of illegal immigration, both extremes--opening our southern border completely or imposing police-state controls--must be avoided.(IMMIGRATION)(Cover story)
- Article from:
- The New American
- Article date:
- March 3, 2008
- Author:
CopyrightCOPYRIGHT 2008 American Opinion Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The great 19th-century French economist and statesman, Frederic Bastiat, famously pointed out that partisans of big government have the habit of "concocting the antidote and the poison in the same laboratory," that is, of using government to create problems which more government is then expected to solve.
In modern America, for example, government bailouts and subsidies of big business have created moral hazards that encourage malinvestment and other risky behaviors--and the demand for further bailouts. In the financial sector, the Federal Reserve, using its fiat money system (money not backed by a precious commodity like gold), is ...