Most high-income people in our country do not realize that their incomes are being subsidized by their protection from competition from highly skilled people who are prevented from immigrating to the United States. But we need such skills in order to staff our productive economy, so that the standard of living for Americans as a whole can grow.
Alan Greenspan0
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Alan Greenspan:
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If I turn out to be particularly clear, you've probably misunderstood what I've said.