Professor of Finance at the University of Chicago Booth School of Business
Not Clearly Pro or Con to the question "Should the Government Allow Immigrants Who Are Here Illegally to Become US Citizens?"
"11 million people are here, working hard, paying taxes, owning property, but scurrying around in semi-legal status. This is a national embarrassment. We criticize other nations for 'apartheid' when they deny legal status to people who have been living there for decades, or even generations. Yet one in twenty people living within US borders suffers the same fate.
If you’ve been here x years, have a job, stayed out of trouble, then you should get to stay. If we let everyone else who wants to migrate on these same terms, then we don’t have to worry about the unfairness of letting illegals 'jump the line.' Get the terms right, and there will be no lines and no unfairness.
Let’s talk about the deal, not the numbers. For every objection to open immigration, it’s easy enough to find terms of the deal to resolve the matter. The right terms will allow the optimal amount of immigration to settle itself, so that no apparatchik in Washington has to come up with a number. Once we get the terms right, every person who can benefit our society will come, and America will truly be a great nation of great immigrants again."
"Peregrine: What is the Optimal Number of Immigrants to the US?," hoover.org, June 24, 2014
[Editor's Note: John H. Cochrane expressed a Con E-Verify position in an Aug. 1, 2013 op-ed for the Wall Street Journal titled "Think Government Is Intrusive Now? Wait Until E-Verify Kicks In."]
Experts Individuals with advanced degrees in fields relevant to immigration. Also top-level government officials (such as foreign leaders, US presidents, Founding Fathers, Supreme Court Justices, members of legislative bodies, cabinet members, military leaders, etc.) with positions relevant to immigration.
Involvement and Affiliations:
AQR Capital Management Distinguished Service Professor of Finance, University of Chicago Booth School of Business