Nastalgianomics

The Cato Institute's Brink Lindsay has a new paper (PDF) out in which he savages a Nobel-winning economist like only His Brinkness can. Fun for the whole family. Speaking of family, the family in the cover picture ... shouldn't there be Negroes or Communists menacing the young daughters' virtue? Or something?

By the way, another one for the liberal types who equate social justice mainly with income egalitarianism: Do you prefer another "Operation Wetback"? It would lower the competition among low-skill workers for low-skill jobs, thus boosting wages for those jobs (some equality-focused commenters, most notably Mickey Kaus, make this argument explicitly in supporting strict anti-immigration reform). If so, why are citizens of the USA more entitled to the rights to sell one's labor than non-citizens?