The Driving Force Of Our Prosperity

via Indian Economy Blog

[C]reative human insights are the driving force of our prosperity. By allowing xenophobia and protectionist rent-seekers to restrict the number of people who contribute their ideas to the market process, we inevitably reduce — and perhaps even reverse — the rate of economic growth. Our prosperity will be lower and lower than it would otherwise be.
And this lower rate of economic growth and the correspondingly lower standard of living might well never be revealed by the data.