By Jason L. Riley – A 2021 paper published by the University of Chicago’s Journal of Law and Economics put annual spending on policing and corrections at about $250 billion. Meanwhile, a study released the same year by the Pacific Institute for Research and Evaluation “conservatively estimated” that the yearly cost of personal and property crimes in the U.S. is $2.6 trillion. By that comparison, it’s hard to conclude that we spend too much money on law enforcement. What’s even harder is putting a price on the psychic burden of crime—the constant fear that you or a loved one will become a victim Read More
The Economic and Human Costs of Protecting Criminals
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