In response to:
"Getting guns out of the hands of dangerous people will surely help in
other areas. If a burglar is unlikely to be armed, for instance, there is less
need to have a loaded gun ready at home, and the threat from gun accidents is
therefore diminished. In economic terms, people will be less likely to succumb
to the "moral hazard" of employing a dangerous weapon for
self-protection. If both sides can agree that such an approach would benefit
everyone, then there might just be a light leading out of the fog."
Dear Mr. Murray:
Wouldn't you agree the best case, from a logic economic analysis, would be
"unarmed burglars with armed potential burglary victims". In this case
the potential burglar must weigh his opportunity cost of getting shot, against
the economic benefit of stealing something of value. A logical burglar would
decide the "risk/reward" potential is to great thereby not committing
the burglar. This would result in the reduced crime.
An object lesson is Great Britain where potential burglary have been
effectively unarmed and prohibited from self-defense. The rate of home invasions
(burglary of an occupied building) in England is nearly 5 times that of the U.S.
because the of limited risk/reward.
Sincerely,
Neal J. Lang
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