On the centenary of the inauguration of a system of restrictive immigration quotas, this article traces the history of immigration and immigration policy throughout American history. It advocates defusing what has become a polarizing political issue by auctioning off immigration visas to the highest bidder.

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Richard K. Vedder is a Senior Fellow at the Independent Institute, Distinguished Emeritus Professor of Economics at Ohio University, and author of Restoring the Promise: Higher Education in America.
Matthew Denhart is president of the Calvin Coolidge Presidential Foundation.
EconomyImmigrationLaw and Liberty
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