Yesterday I shared Richard Epstein and John Yoo with Troy, shooting an episode of Uncommon Knowledge with our two favorite constitutional scholars before handing them over to Troy, who (as he explains in his post below) then sat them down to shoot an installment of "Law Talk." (John Yoo's comment on spending the whole afternoon arguing law with Richard Epstein: "I felt like the guy who's assigned to cover Michael Jordan. All you can do is keep him in front of you and hope for the best.")
After the shoot, Richard and I got to talking about--well, about just how bad things are. No matter who wins the election, Richard argued, taxation and regulation will still prove extensive, depressing American productivity and forcing people around the world to reevaluate this country's long-term prospects.
"You see it in immigration," Richard said (I'm quoting him from memory). "On net, immigration to the United States has turned negative. Mexicans, Asians--people are going home. And it's not just a temporary problem that will end when the economy recovers. When people make immigration decisions, they make them based on long-term prospects. Canada is now attracting immigrants at a higher rate than the United States. Canada!"