Speaking at a heavily-biased Senate hearing today, former Federal Reserve chairman Alan Greenspan made some rather interesting statements (link). He wants to increase immigration by high-skilled foreign workers in order to raise housing prices. And, if you're one of those American high-skilled workers, Greenspan has a plan for those he referred to as the "privileged elite": "Greatly expanding quotas for highly skilled workers would lower wage premiums of skilled over lesser skilled... [skill shortages exist because] we are shielding our skilled labor force from world competition." The horror...