The ‘Startling’ Link Between Low Interest Rates and Low Crime

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Illustration by Kishjar via Flickr

Crimes rates have plummeted in the U.S. since the mid-1990s.  Most of the credit for this remarkable trend has been given to an enlarged criminal justice system---largely more police, tougher sentencing and a massive prison complex.

But we have found a larger and much more powerful explanation:  A drop in interest rates and, in particular, long-term interest rates.

When interest rates go up, crime goes up.  When interest rates go down, crime goes down.

This has . . .

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