Thursday, February 12, 2009
How to solve the crisis: Open the borders
Thomas Friedman points out the absurdity of prohibiting banks receiving funding from the federal government from hiring immigrants with H-1B visas. For one, if there is any where that we need skilled foreign labor, it is in the financial sector. Also, they will be willing to buy up the houses on the market so that the housing market can get going again.
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