A story in three acts. Act 1: In February, George Borjas released a paper justifying the US President's $100,000 H-1B tax. www.nber.org/papers/w34793 Below is that version's mandatory @nber.org disclosure section, when it was released in February and revised in March.

The costs of international student exclusion will be vast and permanent. It will harm all Conservative Americans and their children; it will harm all Liberal Americans and their children. It is the exact opposite of what our tech-driven economy needs. I summarize my research at @piie.com —>

One third of all PhD STEM workers in the US are immigrants who studied at a US university. Today the US Administration extended its efforts to slash high-skill immigration, undermining foreign students' trust that they can complete their degrees & work afterwards. My new piece at @brookings.edu —>

Intl. students, including PhDs, must finish degrees in 4 years. The only assurance from DHS in new rule is the right to file an extension. NFAP’s Mark Regets asks, “How is that a genuine assurance? Why take a chance on a US education?” @mclem.org @adamposen.bsky.social www.forbes.com/sites/stuart...

A human rights lawyer fled China and came legally to the US , where he is applying for asylum and waiting for his case to be adjudicated. He was delivering packages for Amazon when ICE arrested him this week. www.theguardian.com/us-news/2026...

You can imagine why the Trump administration might get a wee bit defensive about anyone offering a critical perspective on this part of our nation’s history. Especially since they hope to repeat it. The latest edition of Receipts from @crampell.bsky.social:

DHS agents were mad about the order to suspend vehicle stops because they're "adrenaline junkies who want car pursuits." And they often deliberately let suspects get into vehicles before attempting to make arrests. www.ms.now/opinion/ice-...

The United States banned naturalization by ethnically Asian people in 1870. Then it banned entry by ethnically Chinese people in 1882, Japanese in 1908/1924, and almost all other Asians in 1917. Courts clarified these were racial, not geographic bans. Extremist memes will not erase history.

Homan just admitted ICE has been endangering the public, its targets, and its own officers by making record vehicle stops without even an enforcement upside! He admits that they could be arresting people outside of their cars but haven't been, yet ICE plans to restart them again!

A White House report has defended the 1882 Chinese Exclusion Act, pushing back against its characterization by a Smithsonian Institution exhibit that the law was racially motivated. www.forbes.com/sites/stuart...

ICE shooting victim in Maine was a 26-year-old man from Colombia with work authorization and a Social Security Number, likely an asylum applicant. It'll be interesting to see how he came to be on ICE's radar.

Trump admin defends 1882 law. “The report on the Smithsonian Institution shows White House officials may be sensitive to criticism of the Chinese Exclusion Act because the Trump admin has adopted a number of similar policies.” @mclem.org @douglasrivlin.bsky.social www.forbes.com/sites/stuart...

“I think his strategy now is the same as it's really been from the very beginning, which is to try and figure out how to subjugate Ukraine. ...And he's using really most of the means at his disposal to try and achieve that,” says Professor @bdtaylor-su.bsky.social. @supolisci.bsky.social

A study finds restrictions imposed in the 1920s, which Stephen Miller has praised, harmed innovation and reduced Americans’ economic well-being. Immigrants increase innovation by locating in hubs like Silicon Valley, NY and Boston. @mclem.org @douglasrivlin.bsky.social www.forbes.com/sites/stuart...

New CSIS data shows Russia has lost the military initiative in Ukraine as costs continue to mount, having suffered 1.4 million battlefield casualties and as many as 450,000 deaths since its February 2022 full-scale invasion. 🧵 Read more here: bit.ly/4vQXO0v

This is FALSE. ICE data showed DHS averaging 1,259 deportations/day through April 4. There is ZERO sign deportations rose by 154% since. Mullin also mixes up DHS's (also FALSE) claim that 70% arrested have any criminal record at all, and claims that 70% are felons. Wildly wrong.

🗣️ Published today in @aeajournals.bsky.social. Ethan Lewis and I use a visa lottery, as a nationwide randomized experiment, to test the effects of foreign labor on US firms and workers. doi.org/10.1257/app.... A concise summary from @nber.org —> www.nber.org/digest/20221...

The Supreme Court has upheld the US Administration's termination of Temporary Protected Status for Venezuelans+Haitians—> www.supremecourt.gov/opinions/25p... 13 colleagues and I estimated the economic cost: $20bn/year lost to the US economy, and 360,000 US jobs: www.aclunorcal.org/sites/defaul...

“Stephen Miller is implementing an immigration policy designed to lower the labor supply, a prescription for reducing economic growth and raising the federal debt, given the crucial role immigrants play in US labor force growth.” @mclem.org @douglasrivlin.bsky.social www.forbes.com/sites/stuart...

Note Patrushev was head of the FSB at the time, widely criticized for the death of 130 people in the spetsnaz storming of the theatre. In the interview he seeks to shift the blame to Security Council secretary Sergey Shoygu, another longtime Putin ally who is now under siege. See here for this: 5/6

“An immigrant saved the now-champion New York Knicks in Game 4 of the NBA Finals & demonstrated why US companies seek the best talent regardless of where someone was born…No sports fan complains that their championship-winning team employs too many immigrants.” @mclem.org reason.com/2026/06/16/s...

The White House has moved to ban almost all work authorization for asylum seekers, indefinitely. In my new note with the brilliant Natalia Rigol & Amy Nice, we assess White House claims that work authorization 1) harms US workers and 2) causes frivolous asylum claims. www.hbs.edu/faculty/Page...

A new video from the National Foundation for American Policy on Immigrants and Billion-Dollar Companies.

Trade "deficits" are not national losses. They represent mutually beneficial exchange of goods & services for capital. That is the fundamental reason why taxes on Americans who consume goods with imported ingredients ('tariffs') do little to the trade deficit: By @scottlincicome.bsky.social —>

Trump officials are correct that more doctors would improve patient care and help tame healthcare costs. However, the Trump admin has enacted several restrictive immigration policies that have blocked physicians from America. @mclem.org @douglasrivlin.bsky.social www.forbes.com/sites/stuart...

A federal judge rejected the Trump admin's argument the $100,000 H-1B fee was not a “tax” but merely “a regulatory payment.” The Supreme Court has ruled the power to tax belongs to Congress, not the president (or Stephen Miller). @mclem.org @douglasrivlin.bsky.social www.forbes.com/sites/stuart...

“Mass deportation and draconian limits on legal immigration are two sides of the same coin.” www.ms.now/opinion/dhs-...

59% of companies valued at $1 billion+ have an immigrant founder or co-founder, according to @nfapresearch.bsky.social 💪 Behind every stat is a story. @kolyncheang.bsky.social & the @sfchronicle.com featured our CEO @emaxerrno.bsky.social alongside other inspiring entrepreneurs. Read the article:

The Labor Dept is finalizing a rule to force out H-1Bs by raising their min. wages to baselessly high levels. The new rule would mandate increases of ~$26K and disqualify H-1B wage offers for about 80% of H-1B workers in 2026, including for the most experienced (Level IV)

New NFAP research: Immigrants have founded or cofounded 59% of America’s privately held startup companies valued at $1 billion or more. The collective value of the 455 immigrant-founded billion-dollar companies is $5.0 trillion. @mclem.org @douglasrivlin.bsky.social www.forbes.com/sites/stuart...

This illegal wage manipulation will price H-1B workers out of America, many of whom spent years or decades here with their families and will be forced to leave the country when they can't get sponsored or renew. We are harming our country for no reason. www.cato.org/blog/dol-inf...

New informative interview with @michaelkofman.bsky.social Some key points: - 🇷🇺 mil performance is worse, 🇺🇦 is better - importance of 🇺🇦 "middle strike" - estimates over 400K Russian fatalities - challenge of the 🇷🇺 campaign against critical infrastructure - 🇷🇺 demands unreasonable - war continues

DOL’s proposed rule to price H-1B and employment green card holders out of the US labor market is likely illegal. DOL invents facts and uses a questionable methodology to justify raising prevailing wages by up to 33%. @mclem.org @adamposen.bsky.social www.forbes.com/sites/stuart...

Stephen Miller's plan to get *legal* immigrants to self-deport en masse. open.substack.com/pub/thebulwa...

"I was terminated from my position several times in my career. Each time…I focused all of my energy to figure out what is next. This was the only thing I could control." Katalin Karikó, the powerhouse Nobel laureate who created the mRNA revolution, at @jhu.edu commencement yesterday.

“A new USCIS memo to restrict obtaining a green card in the US is likely aimed at reducing legal immigration by forcing individuals to endure long delays at understaffed US consulates & barring people from reentering the country.” @mclem.org @douglasrivlin.bsky.social www.forbes.com/sites/stuart...

The White House has undertaken mass exclusion of international students. It has slashed new F-1 visas circa 32% in the latest available State Dept. data. That stunning, destructive act says a thousand times more than any empty words uttered at a press conference.

“Donald Trump delivered a ringing defense of international students, but there is no evidence it signals a change in his administration’s policies. Analysts say Stephen Miller and other staff pursue their own immigration agenda.” @mclem.org @douglasrivlin.bsky.social www.forbes.com/sites/stuart...

As the US Supreme Court prepares to rule on the President's suspension of our Constitution's 14th Amendment, I highlight the research of myself and 95 colleagues on the economic consequences of that act —>

Thank you for covering my research. But more important than who authored the study is the fact that real people, real businesses, and real communities are being harmed by the current approach to immigration enforcement.

New Research: ICE arrests harm local economies by reducing consumer spending. @profzeke.bsky.social: “The economic damage done to local communities by this administration’s approach to immigration enforcement is widespread, indiscriminate and persistent.” @mclem.org www.forbes.com/sites/stuart...

Markets are now much more likely to believe interest rates will *rise* by end of year than fall. (current rate is 350-375bp)

“While businesses and economists believe America gains significantly from welcoming international students and allowing them to stay and work, the Trump admin’s immigration policy is run by individuals who believe the opposite.” @mclem.org @douglasrivlin.bsky.social www.forbes.com/sites/stuart...

How would you regulate int'l migration if it weren't optional? Faced with demographic & technological shocks, we have alternatives to denial, anger, bargaining, and depression: Acceptance and innovation. My new @cgdev.org blog with @helen-dempster.bsky.social and Italian Labor Minister Calderone—>

The Trump administration is using nonprofit status "as a lever of political control." Come to Cato's event on Thursday to see how to defend the freedom to give. www.cato.org/events/freed...

“While businesses and economists believe America gains significantly from welcoming international students and allowing them to stay and work, the Trump admin’s immigration policy is run by individuals who believe the opposite.” @mclem.org @douglasrivlin.bsky.social www.forbes.com/sites/stuart...

Trump's weaponization of government to hurt companies he dislikes get a lot of attention. Probably not enough coverage of how he also accidentally kills companies he likes because he doesn't understand economics www.thebulwark.com/p/the-americ...

Mass deportation is a poor economic policy. Economists Chloe East & Elizabeth Cox on effects of ICE arrests: “There is a negative and significant impact on employment of US-born male workers with at most a high-school education.” @mclem.org @douglasrivlin.bsky.social www.forbes.com/sites/stuart...

Why is Powell staying on the Fed Board, even after his term as chair ends? Because the DOJ's criminal investigation into him is only “closed” in the same sense that the Strait of Hormuz is officially “open.” Which is to say: Trust neither pronouncement, at least when coming from this administration

Curious how every time he talks to Putin he spouts Russian propaganda afterwards for days and days. (Total US aid to Ukraine since Feb 2022 is about $135 billion, not $350 billion)