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“America is different from the rest of the world in lots of ways, many of them good. One of the bad ones is its willingness to lock up its citizens (see our briefing). One American adult in 100 festers behind bars (with the rate rising to one in nine for young black men). Its imprisoned population, at 2.3m, exceeds that of 15 of its states. No other rich country is nearly as punitive as the Land of the Free. The rate of incarceration is a fifth of America’s level in Britain, a ninth in Germany and a twelfth in Japan.”
But isn’t that already what’s happened? Seems to me the only thing that’s missing from seeing Krugman’s equation come...
We can only hope that the economic realities of the economy will lead to a sharp decrease, once states determine they...