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MacroVoices #333 Harley Bassman: Inflation, Bond Yields, VIX vs. MOVE, Demographics & More
Macro Voices
Immigration
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We have had a positive labor force growth rate. That's it. And we've had that growing by slamming the door on emigration, which in slide sixteenth, you see this is going to be very problematic. Our birthrate, number of kids perpr child bearing woman, has been declining. To the extent we just keep this door closed, that's gon to bei the biggest problem we face. I think if we have net immigration, posmigration to make up for everything else, we'll pribe.
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