factual
Open Borders Value Comes From Exogenous Institutions
The value of open borders derives from exogenous institutional quality, not from agglomerations of talent and capital: moving more people into places with moderately laissez-faire institutions raises their productivity without reducing the productivity of incumbents, which is why the destination's institutions—not its existing talent clusters—are what matter.
factualpending
Speaker
Garett JonesEvidence Quote
“I thought the whole point of open borders is that there's institutional quality and there's some exogenous institutions that make that place more productive than other places.”
Created: 6/13/2026, 3:31:19 AM
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