Immigration boosts innovation and wages in the US. The positive dynamic impact of immigration on innovation and wages dominates the short-run negative impact of increased labor supply. Increased immigration to the US since 1965 is estimated to have increased innovation and wages by 5%.

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The judgement of an individual end-consumer simply isn't sufficient here to ensure proper market function. The range of products that you can get in the store, between which you can choose, has already been pre-decided by factors out of your control. The quality of the artisanal cheese is a stand-in for an entire supply chain, often run on modern methods, which cannot simply be transplanted elsewhere without enormous investments in human capital, infrastructure and agriculture. This isn't mere romanticism.

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政府工作报告在介绍2026年政府工作任务时提出,促进商品消费扩容升级,安排超长期特别国债2500亿元支持消费品以旧换新,优化政策实施机制。设立1000亿元财政金融协同促内需专项资金,组合运用贷款贴息、融资担保、风险补偿等方式,支持扩大内需。(新华社)

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