TIP - Undocumented Immigration Good For Economy? Black Swan Author Nassim Taleb Warns Any Sudden Curb Would Lead To 'Explosive Inflation' | Benzinga
Curbing the influx of migrants into the country may have an unintended negative consequence, Black Swan author Nassim Taleb said on Saturday.
What Happened: The U.S. is “so structurally dependent on cheap labor from ‘illegal’ immigration that any sudden restriction would, in a nonlinear way, lead to explosive inflation,” Taleb said in a post on X, formerly Twitter.
The United States is so structurally dependent on cheap labor from "illegal" immigration that any sudden restriction would, in a nonlinear way, lead to explosive inflation. — Nassim Nicholas Taleb (@nntaleb) May 25, 2024
The former trader and risk analyst’s view aligns with that of Nobel laureate Paul Krugman, who, in a post ...