Index Investing News
Thursday, March 5, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Appropriate Penalties for Assaulting Politicians and Their Relatives

by Index Investing News
November 1, 2022
in Economy
Reading Time: 2 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


It’s hard to know what the appropriate penalties should be for any crime. But we can still take something from the economics of crime and apply it to the Paul Pelosi situation.

Here’s what Lisa Mascaro, Stefanie Dazio, and Terry Chea write in “Paul Pelosi Attack: Suspect Faces State and Federal Charges,” NBC Bay Area, November 1, 2022:

Additionally, DePape is charged federally with influencing, impeding, or retaliating against a federal official by threatening or injuring a family member. He also faces one count of attempted kidnapping of a United States official on account of the performance of official duties.

In other words, because David DePape allegedly [I say “allegedly” to save myself from a lawsuit] attacked the husband of a politician, he faces charges in addition to the ones that he would have faced if he had attacked me.

One of the path-breaking articles in the economics of crime was Gary Becker’s “Crime and Punishment: An Economic Approach,” published in the March/April 1968 edition of the Journal of Political Economy. I remember working my way through it in an intermediate microeconomics course that Kenneth Avio taught at the University of Western Ontario in the 1971-72 academic year. The bottom line that I took away from the article is that the higher the probability of catching a criminal, the lower should be the penalty the criminal faces.

How is that relevant in the  DePape case? It pretty much has to be true that someone who assaults the husband of a woman who is second in line for the U.S. presidency (only after Vice-President Kamala Harris) has a high probability of being caught. This probability is much higher than the probability that the police would catch someone who assaulted me. So that means that the penalty for assaulting Paul Pelosi should be lower than the penalty for assaulting me, not higher as it is currently.

Of course you could argue that it’s more important to protect relatives of politicians than to protect me because assaulting the relative could intimidate the politician and take her away from her useful work.

The problem with that line of reasoning is that then we would have to make some judgment about the value of Speaker Pelosi’s work versus the value of mine. Hmmm.

Postscript: My bio of Gary Becker in David R. Henderson, ed., The Concise Encyclopedia of Economics is here. The picture above is of him.

 

 



Source link

Tags: Assaultingpenaltiespoliticiansrelatives
ShareTweetShareShare
Previous Post

October AAII Asset Allocation Survey: Cash Allocations Jump

Next Post

Olympiacos vs Nantes Prediction and Betting Tips

Related Posts

Paul Krugman in Conversation with Barry Ritholtz

Paul Krugman in Conversation with Barry Ritholtz

by Index Investing News
March 4, 2026
0

https://www.youtube.com/watch?v=M5eIwNMG8A4https://www.youtube.com/watch?v=M5eIwNMG8A4   I always have fun chatting with Paulie. I always find it amusing to be on the other side...

Sam’s Links: February Edition – Econlib

Sam’s Links: February Edition – Econlib

by Index Investing News
February 28, 2026
0

Sam Enright works on innovation policy at Progress Ireland, an independent policy think tank in Dublin, and runs a publication...

Transcript: Hilary Allen on Fintech Dystopia

Transcript: Hilary Allen on Fintech Dystopia

by Index Investing News
February 24, 2026
0

https://www.youtube.com/watch?v=NSFAIakPdmohttps://www.youtube.com/watch?v=NSFAIakPdmo     The transcript from this week’s, MiB: Hilary Allen on Fintech Dystopia, is below. You can stream and...

Friedman on Immigration: Setting the Record Straight

Friedman on Immigration: Setting the Record Straight

by Index Investing News
February 20, 2026
0

Even people who are otherwise enthusiastic about a free market in labor can get cold feet about immigration once redistribution...

10 Presidents Day Reads – The Big Picture

10 Presidents Day Reads – The Big Picture

by Index Investing News
February 16, 2026
0

My three-day weekend reads: • Why a ‘K-Shaped’ Economy Means More Risk for Stock Investors: The wealthy are propping up consumer...

Next Post
Olympiacos vs Nantes Prediction and Betting Tips

Olympiacos vs Nantes Prediction and Betting Tips

As Israel votes, a uniquely violent moment in the occupied West Bank

As Israel votes, a uniquely violent moment in the occupied West Bank

RECOMMENDED

SMCI inventory climbs forward of Nasdaq-100 inclusion By Investing.com

SMCI inventory climbs forward of Nasdaq-100 inclusion By Investing.com

July 15, 2024
Amazon Q3 Earnings Preview: What To Watch For (NASDAQ:AMZN)

Amazon Q3 Earnings Preview: What To Watch For (NASDAQ:AMZN)

October 23, 2022
Oil extends rebound from annual lows ahead of U.S. CPI reading By Investing.com

Oil extends rebound from annual lows ahead of U.S. CPI reading By Investing.com

December 13, 2022
Public Transport Masks Mandates Dominated Illegal – READ IN FULL

Public Transport Masks Mandates Dominated Illegal – READ IN FULL

April 19, 2022
Hedge funds are doubling down on commodities bets with some notching large features

Hedge funds are doubling down on commodities bets with some notching large features

March 19, 2022
Inflation Tendencies: What’s the Outlook?

Inflation Tendencies: What’s the Outlook?

May 5, 2022
Daniil Medvedev books last-four clash with Jannik Sinner

Daniil Medvedev books last-four clash with Jannik Sinner

March 28, 2024
Is Betting on DraftKings Stock a Good Idea?

Is Betting on DraftKings Stock a Good Idea?

November 5, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In