Crime, cocaine, and marijuana
Great analysis by Tyler Cowen at
Marginal Revolution about why the drop in violent crime over the last ten years or so.
bq. Serious and violent crimes dropped more than forty percent during the 1990s, more than can be explained by demographic shifts. One reason for the crime drop has been the shrinking trade in crack cocaine, here is
one account and a
more detailed treatment. For whatever reasons, crack has turned out to be a one-generation drug. As crack fell in popularity, crime rates have fallen in turn.
Interesting ideas - goodbye to bad stuff.
Posted by DaveH at January 19, 2004 8:51 AM