My hero, Victor Davis Hanson, complains that remittances to Mexico are a negative. This opinion column debunks that idea rather effectively.
WSJ.com – Mexican Working Capital
But foreign “remittances,” as these expat cash flows are called, are a force for economic and political good. As an economic matter, they flow directly from individuals in the U.S. to private individuals or businesses south of the border. This cuts out the government middleman and provides capital immediately for private investment or consumption.
Common Sense on remittances
May 23, 2006
I’m a Zurich based investor. Since 1997, I’ve managed a privately offered investment fund known as the Aquamarine Fund.
I am also the author of a book titled The Education of a Value Investor, which was published in 2014.
As I wrote in my book, we are all a work in progress. This site documents my ongoing quest for “wealth, wisdom and enlightenment”.
I have created a /now page – inspired by Derek Sivers
I’m a Zurich based investor. Since 1997, I’ve managed a privately offered investment fund known as the Aquamarine Fund.
I am also the author of a book titled The Education of a Value Investor, which was published in 2014.
As I wrote in my book, we are all a work in progress. This site documents my ongoing quest for “wealth, wisdom and enlightenment”.
I have created a /now page – inspired by Derek Sivers
