"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
As Cash Use Drops, Do Crime Rates Follow?
Submitted by Sharon Secor on Mon, 2014-03-31 02:00
“The proposition that flows logically from this model is that cash is a necessary functional component of the etiological cycle that drives many sorts of predatory street crime. If that is so, then any reduction in the amount of cash in circulation should produce concomitant reductions in acquisitive street crimes (e.g., theft) and the secondary offenses committed in response to them (e.g., retaliatory assault).”
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