A Capitalist Approach to Immigration and Borders - Morals & Markets Podcast
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 Published On Dec 8, 2023

"A free society welcomes manageable flows of goods, capital, and people over its borders, whether incoming or outgoing. A state is defined as the institution with a monopoly on the legitimate use of retaliatory force within a specific territory – and the last feature requires fixed and protected borders. An indispensable job of a legitimate government includes managing the borders, setting liberal terms, processing the flows, and interdicting dangers (hostile actors, transmissible diseases). America’s most capitalist era (1865-1915) coincided with the 'Ellis Island model' and we need that again, instead of the false choice of 'open borders' (with no processing) or 'closed borders' (with despotic-type walls)." - Richard Salsman

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