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On this episode, Razib talks to Daniel Di Martino, a Venezuelan-born economist, speaker, and fellow at the Manhattan Institute, where his research centers on immigration policy, including selection, assimilation, and high-skilled migration. Born in 1999 and raised in Venezuela, he witnessed firsthand the impacts of socialism, including hyperinflation and shortages, which prompted him to immigrate to the United States in 2016. He earned a BA in Quantitative Economics from Indiana University and a PhD in Economics from Columbia University. He writes for publications such as City Journal, and USA Today, and serves on the board of advisors for Young America’s Foundation while sitting on New Jersey’s advisory committee to the U.S. Commission on Civil Rights.

First, they talk about the economic and social impact of socialism in Venezuela under Hugo Chavez and Nicolas Maduro. Di Martino describes the country’s decline, including hyperinflation, shortages, and corruption, leading to a significant emigration of 30% of the population. Di Martino also discusses the potential for Venezuela’s freedom under the Trump administration and his ongoing work on immigration and economic policy. He advocates for a selective, high-skilled immigration policy in the U.S., emphasizing its economic benefits and the need for a moral approach to enforcement. They discuss Di Martino’s report, The Fiscal Impact of Immigration, and how Indians in America fit into that picture more precisely.