Tuesday, January 19, 2010

On Jury Duty

Today I am on jury duty. My chance of getting called to serve on a jury is low, however. In part, this is because crime rates are falling. Most statistics show U.S. crime falling since the late 1980s, and the decline has accelerated during the recession. From traditional economic theory, you expect crime to increase during a recession, but this is just another indication that the recession is not what people think it is.