Coase Colored Glasses

Wednesday, May 10, 2006

Coase Colored Glasses: Wal-Mart vs. Costco

American better able to absorb immigrants

Don Boudreaux explains why here.
He says: In many other ways America today can better absorb immigrants. For example, compared to 1920, per person today we:

* have 10 times more miles of paved roads

* have more than twice as many physicians

* have three times as many teachers

* have 540 percent more police officers

* have twice as many firefighters

* produce 2.4 times more oil -- as known reserves of oil grow

* produce 2.67 times more cubic feet of lumber -- as America's supply of lumber stands grows

* have conquered most of the infectious diseases that were major killers in the past.