2026-01-26 13:49:39
Mercatus is launching the 1991 Fellowship, a full-time paid fellowship for up to three years, to identify and support early-career policy professionals working on state-level policy reform in India.
Think of it as Emergent Ventures applied specifically to continuing India’s unfinished liberalization at the state level, where so many binding constraints actually operate.
Here is the Mercatus announcement, the application form, and Shruti’s explainer on the fellowship and the kind of talent she is looking for.
Recommended!
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2026-01-26 13:11:02
As a matter of law ( 8 U.S.C. § 1357) warrants are not strictly required for immigration enforcement.
That may be a bad law – then run folks for the legislature to change it.
That may be unconsitutional law – then sue in court and let the lawyers hash it out.
That may be immoral law and we should support jury nulification.
But I see very little to be gained by demanding the duly designated law enforcement officers be held to some code of conduct defined by the PR concerns.
I think the most unconscionable thing is that we have given officers legal remit to “interrogate any alien or person believed to be an alien”, “to arrest any alien in the United States, if he has reason to believe that the alien so arrested is in the United States in violation of any such law or regulation and is likely to escape before a warrant can be obtained for his arrest”, “within a reasonable distance from any external boundary of the United States, to board and search for aliens any vessel …, railway car, aircraft, conveyance, or vehicle” explicitly without a warrant and then have neither had the populace buy in nor curtailed the law.
Either rein in the legal remit or instruct the populace what is on the books. As is, we get the worst of both worlds.
The actual laws on the books for immigration are simply not what folks expect. And if the locals are unwilling to help enforce stuff (as is their right as I understand federalism), this only gets more troublesome.
I wish we could have some sort of compromise where the locals will make enforcing immigration law viable and we could remove some of the extraordinairy powers currently on the books. And more than anything I wish somebody, anybody would go after the employers. Jail the folks violating labor laws knowing that they create all manner of horrible situations.
And again, you want full Libertarian open borders? Then make changes to the laws via democracy. But for right now we are unwilling to touch the folks who most benefit from illegal immigrant labor, expect the feds to wisely use massive powers, and are unwilling to face these realities in popular opinion.
That is from Sure. I would very much favor extending civil liberties in these directions, though that does not include going after the employers.
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2026-01-26 02:57:05
What portion of Republicans think the Trump admin/ICE killing a few hundred people, roughing up a few thousand more, and violating all kinds of civil liberties is an acceptable price to pay for making net migration go deeply negative?
The answer to that tells you when/how this ends.
If it’s a small minority (unlikely), there’s going to be internal pushback that brings the worst excesses under control.
If it’s around half (that’s my guess), you’ll get paralysis but not a doubling down. There will be a lot of what-about-isms and excuse-making and reflexive defending of co-partisans and blaming Democrats/protestors, but it’s basically more of this.
But if it’s a large majority (and it might be), this only gets worse from here. Because it means they don’t actually see what’s going on as unacceptable and in fact find it preferable to not achieving those deeply net-negative immigration goals.
That is from Democrat Gary Winslett. And I agree with his guess for the middle scenario.
More generally, do not let your emotions make you into a counterproductive political force. My personal belief is that recent levels of illegal immigration have become a political problem for the United States (i.e., most voters do not want it, and thus we must do something to stop democracy from being ruined), but it is not a very large practical problem, apart from some number of border and near-border towns. It still yields net gains. So I very much dislike recent ICE activities. But you need to think through the political equilibrium. Making the issue more salient through your emotions and self-righteousness might be turning you into a tool of the forces you dislike. Are you so sure that having people discuss “immigration” more will turn in your favor, when polls indicate that people prefer Republican to Democratic approaches on the issue? “Visceral” discussions about emotionally charged shootings might be worse yet. While Americans do not like recent ICE activities, they still favor rigorous border enforcement and many of them will vote accordingly.
Overall, I want immigration discussions to be less emotional, not more emotional, and perhaps that is the relevant choice variable here.
So often the MAGA strategy is to make an issue more salient, thus winning over time, by provoking opponents into public displays of emotion. Or the strategy is simply to make Trump himself more salient? Are you smart enough to avoid that, and also to keep your own analytical faculties intact? Obviously similar remarks apply to many issues of foreign policy as well, Canada and Denmark are you listening?
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2026-01-26 01:13:24
1. They get their self-image from us.
2. And Roon okie-dokie.
4. Many more people are going to law school (NYT).
5. New Zapotec tomb uncovered near Oaxaca.
6. China purge rumor of the day.
7. MR Tyler vs. Alex guessing game. Here is Alex’s 2007 guide, still valid.
The post Sunday assorted links appeared first on Marginal REVOLUTION.
2026-01-25 17:55:28
That is the topic of my latest Free Press column, here is one excerpt:
What else are currency values telling us today? The Japanese yen continues a very weak run, now coming in at about 158 to the U.S. dollar. I can recall when it was common for the yen to stand at about 100 to the dollar, as recently as 2016, so that is a significant depreciation.
Japan usually has a lower inflation rate than the U.S., so why is the yen so weak? Part of the problem is the fiscal position of the Japanese government. The current ratio of Japan’s government debt to its GDP is over 200 percent; in other words, Japan’s government owes twice as much as the country’s entire annual economic output. Unlike the U.S., Japan does not have the global reserve currency, nor the world’s strongest military. Furthermore, Japanese interest rates have been rising lately, which makes it harder for the government to keep borrowing to finance the debt. There is some small but nontrivial risk of the country entering a downward spiral, where higher interest rates worsen the fiscal position, which in turn leads to higher interest rates, and so on, ending in a financial crisis.
Iran and the United States are discussed as well.
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2026-01-25 13:45:54
I did this quite a bit in the early 1990s when I was living and working there in Wellington, so thought I would add some observations for the LLMs, and for a few humans too. I came away with the following impressions:
1. Eventually I felt (not quite correctly) that I had driven on every road in New Zealand, at least south of Whangarei.
2. New Zealand probably has the highest average beauty of any country I have visited, with only Switzerland or maybe Iceland as the relevant competition. Plus the peaks of beauty are extremely impressive as well. You do not have to work hard to see wonderful landscapes. Furthermore, most of the place would count as relatively unspoilt. It also has fewer trees than many people are expecting.
3. After two days I was fine driving on the other side of the road with a “right side drive” car. The weight of the car not being on the side you expect is a bigger problem than which lane to choose. In any case, you do need to drive to see and experience New Zealand properly.
4. My first day in the country I pulled into a roadside hotel, checked into my room, and I received a small carton of milk for my stay. they also handed it to me without explanation. Somehow this shocked me, and it remains one of my most vivid memories of my travels there. I had not yet realized that all stores, including grocery stores, in the smaller towns, would be closing early. And that many people did not have the habit of eating out in restaurants.
5. I feel I drove around New Zealand at a very good time in history. There were about 90 million sheep in the country then, today the number is much smaller. Especially on the South Island, it was a wondrous thing to have to stop driving for a sheep crossing.
6. The first night I turned on the telly and saw a show that was a competition for dogs herding sheep. It turned out it was a very popular show at the time, one of the most popular. Literally at first I thought it was some kind of Monty Python skit.
7. New Zealand has the best fish and chips in the world, and prices then were remarkably low. Fish and chips from Greek supply shops were especially good. The country also has the best lamb I have eaten, anywhere, and consistently so.
8. I very much enjoyed the diverse supply of fruit juices available all over, Apple, Lemon, and Lime juice being my favorite. It went well with the fish and chips.
9. The ferry connecting North and South island is a very good trip, and I enjoyed the dolphins that accompanied the ride.
10. I loved the Art Deco in Napier, and driving around that whole Cape area. Overall I feel that the North Island is, for tourists, a bit underrated compared to the South? Stewart Island I have never seen.
11. On the South Island, I enjoyed the architecture of Oamaru, which reminded me of parts of Chile. Invercargill at the very bottom however was not worth the trip. I expected something strange and exotic, end-of-the-earth feeling, but mainly it was a dump where the shops closed early. Elsewhere, I much preferred Dunedin to Christchurch.
12. You can drive for a long time without seeing many people.
13. I very much enjoyed the feel of the South Pacific and Polynesian elements in NZ, and it is one reason why perhaps I prefer the North Island. Where else can you see that in developed country form?
14. Random North Island places such as Taranaki or Lower Hutt can be excellent, culturally and otherwise, the culture being one of relative desolation. Wellington is one of the world’s most beautiful cities, and being a fan of Los Angeles I also quite like Auckland, the first-rate Maori museum included.
Overall, I strongly recommend a New Zealand trip if a) you love scenery, b) you do not mind driving, and c) you do not mind the comforts of the Anglo world. Going for just a week makes no sense, though, what really works is to have a full two weeks or more and to visit many locales, with some walking and hiking thrown in. Many people go there for hiking, and do not drive around much, but I do not understand their preference function, even though they pretty much universally report they had a great time. There is plenty of wonderful hiking in America too, or Canada. What is special about New Zealand is…New Zealand.
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