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Friday, December 21, 2007
Economist Burton Malkiel has recommended China-based ETFs for a while. He tells Tess Vigeland how investors can still profit from China's booming economy.
A stack of 100 Yuan notes (Frederic J. Brown/AFP/Getty Images)
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"Will makes a great argument. The hostile reception, as indicated by the comments, should be unsurprising. If people actually understood how much immigration has historically benefited us then we wouldn't have the type of protectionist immigration laws we have. If the borders were opened one might see a drop in wages, but considering there would be a correlative drop in prices, it's doubtful there would be an overall harm and most likely considerable benefit..."
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