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Phoenix666 [soylentnews.org] writes:

For more than 15 years, former Federal Reserve Chairman Alan Greenspan has been a part of the H-1B debate, calling for raising or eliminating visa caps. He did so again this week [computerworld.com].

Greenspan's view is that the economy will expand with the size of the talent pool. But is he a credible source for arguing that the H-1B cap needs to be increased?

At a Council of Foreign Relations conference in New York, Greenspan was asked by Steve Liesman, a senior economics reporter for CNBC, whether productivity can be improved, in part, through immigration. Greenspan did not miss the beat.

"I thought the H-1B program is much too small," said Greenspan. "Every other major country looks to the quality of whom they are inviting in, and we're not doing that: We're restricting that very significantly," he said, according to a video of the conference.

New H-1B's to replace economists and Wall Street bankers are indeed sorely needed.

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