This is always stated as something bad, but perhaps the US is a violent society and it is doing a good job at keeping the violent behind bars?
A similar argument can be made about health spending: if it's low then we are not doing enough, but if it's high then we are spending too much (i.e. we are inefficient), when in fact we might be allocating more capital to it because we value it more.
A similar argument can be made about health spending: if it's low then we are not doing enough, but if it's high then we are spending too much (i.e. we are inefficient), when in fact we might be allocating more capital to it because we value it more.
Glad to hear any thoughts about this.