Foundations
How To Think About Trade
- Trade and immigration are good for the U.S. economy.
- Free trade connects us to more people and allows us to purchase better goods at a cheaper price.
- Bigger markets mean more of an incentive to develop advanced technology. The iPhone doesn’t get invented if it can only be sold to a few hundred people.
- The more people you are connected with, the more you can grow.
- Trade is already quite free. The challenge is to preserve and extend what we have.
- The logic that isolation will create more American jobs is false.
- Free trade only needs one sentence: American buyers may buy anything they want from anywhere in the world without tariff or quota restriction.
How To Think About Immigration
- Immigration is largely not free, so many of its potential benefits remain unrealized.
- Immigration is good for the U.S. economic because it allows foreign entrepreneurs and high-skilled immigrants to come to America and create jobs.
- Small sensible reforms, like allowing people who complete advanced degrees here to stay and work without obtaining special permission, would stimulate the economy.
- Assimilation is always an issue and our immigration policy should encourage it among immigrants.
- More open trade and immigration is the best foreign aid America can offer while also benefitting American citizens through cheaper goods and faster economic growth.