From Associated Press, reported in the Houston Chronicle, Feb. 23, 1994. Columnist Juan R. Palomo in the Houston Post, Feb. 28, 1994. Dr. Richard Vedder, an economics professor at Ohio University, along with Lowell Gallaway and Stephen Moore, looked at historical and contemporary evidence in a study for the Alexis de Tocqueville Institution. Using several different periods and approaches, we consistently found no statistically meaningful relationship between immigration and unemployment. Immigrants expand total output and the demand for labor, offsetting the negative effects that a greater labor supply might have.
Immigrants tend to be highly productive and promote capital formation through high savings rates.
Richard Vedder, column in the Wall Street Journal, Feb. 28, 1994. Prohibition has failed before in America, and many believe that the war on drugs is failing now. Champions of legalization, including this newspaper, argue that if it is done properly governments could take the world's largest untaxed industry out of the hands of criminals and start to exercise workable controls. The Economist, Jan. 29, 1994. Yes, legal drugs, even if heavily taxed and extensively regulated, would no doubt be cheaper than illegal ones, which could mean more people sampling them out of curiosity.