Remember how Giuliani turned New York into a garden paradise with fresh approaches to crime like applying “Broken Windows” theory, (the idea that cracking down on petty crime like breaking windows out of buildings would reduce major crime). Did it seem slightly suspicious that suddenly policing by the State became efficient and effective overnight with another “reform”? Well, turns out it was a hoax. Nicholas Stix reports on how “crime” was reduced by not reporting crimes, or redefining major crimes as minor crimes.
The lesson? Monopolies produce less and less actually useful goods and services while charging higher and higher prices. No exceptions. It’s not just a theory, it’s the law.
12:27 pm on May 28, 2004
