townhall.com By Scott McClallen
Federal Reserve Governor Stephen Miran told Fox News that deportations are slowing inflation.
“A significant amount of the inflation that we experienced for years is because we through millions of new people into the country without sufficiently expanding the housing stock and sufficient expansion of other forms of fixed capital,” Miran said.
He continued: “The truth is that they’re living somewhere, and that’s a place where other people in America aren’t living, and that was inflationary.”
“Cutting down net migration to zero, potentially even negative because of the deportations that have been occurring, I think, is very deflationary…
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