City AM is a cheer leader for landlords and banks (it's the newspaper equivalent of the Taxpayers' Alliance). It has consistently been in favour of liberal immigration policies for foreign workers, which gives us a bit of a clue a to who benefits most from immigration of foreign workers. NB, I am heartily agnostic on the issue and have no strong view one way or another.
But, like the right wingers who insist that reductions in tax rates always lead to higher tax revenues overall, they have jumped the shark with this:
Economists have repeatedly warned that a government can either have economic growth or it can have net migration reduced to the tens of thousands.
It cannot have both.
Woah, woah, woah! If that were true, then overall global GDP growth would always be zero. It would increase in immigration countries and fall in emigration countries in equal and opposite measure. That is clearly not the case, and I doubt that any serious economist has ever said anything quite as stupid as that.
Debate Magazine
