For 13 years, I’ve been frustrated that economists have been debating a study of the effects on wages of the sudden slosh of immigrants who came ashore in Miami in the Mariel Boatlift in 1980 without remembering anything else happening in Miami simultaneously, like the biggest Cocaine Boom the world had ever seen.
But finally, I may have discovered a worldly philosopher. From Bloomberg:
By Bob Van Voris
November 18, 2019, 10:20 AM PST
A Miami professor who’s an expert on drug trafficking and organized crime was charged by the U.S. with laundering corrupt cash from Venezuela, skimming more than $250,000 for himself.
Bruce Bagley, 73, a professor of international studies at the University of Miami was the co-editor of the 2015 book “Drug Trafficking, Organized Crime, and Violence in the Americas Today” as well as a contributor to various journals on the topic.
But on Monday prosecutors in Manhattan charged Bagley with laundering about $2.5 million into the U.S., money that foreign nationals embezzled and got from bribes and other corruption schemes. Bagley pocketed about 10% of the money, according to prosecutors.