This paper builds on Padilla and Cachanosky (2018) and examines if immigrants' educational attainments matter, particularly for immigrants with low educational attainments, when it comes to test the impact immigrants have on the economic freedom of the US states. Except in the area of government...

Concerns about immigration and its impact on the institutions of the countries that welcome immigrants are not new. In the United States, we find such concerns in the correspondences and writings of Benjamin Franklin, Thomas Jefferson, and Alexander Hamilton. Recently, in response to a...

This paper applies Kirzner’s theory of entrepreneurial alertness to central banking. As opposed to entrepreneurs operating within the market, central banks can operate outside the market by defining its structure and regulations. We label as “super-alertness” the particular type of...