Stefan suggests that immigrants use tax money as though money isn't extension of credit. Wouldn't it only be the illegal immigrants (without bonds) able to bleed the credit of others?
Stefan says, "...or we're going to have this horrible crash, that I seek to avoid." (24:50) Then "...would you still have the relative wealth?" (48:50) Viva status quo.
I think the bigger issue regarding immigration is the manipulation of currencies that force the emergence of economic refugees. Or, if the world were on a silver standard, would Californians be trying to get into Mexico?
You were much more patient with Molyneux than I think I could have been. Very presidential form. Decentralize 2020!