tag:blogger.com,1999:blog-6619808580341005853.post6230914569293446980..comments2010-11-15T22:40:18.895-08:00Comments on Dynamic Equilibria: Crime and PunishmentAnonymoushttp://www.blogger.com/profile/11029125710273972322noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6619808580341005853.post-36818030259047610112009-01-30T12:09:00.000-08:002009-01-30T12:09:00.000-08:00Nice essay, but I don't believe the claim that kee...Nice essay, but I don't believe the claim that keeping his name will keep people from trusting him in the future. <BR/>First, people who make their living swindling others are SO persuasive. <BR/>Second, people in general are SO forgetful. They'll remember the name, but not the reason they remember it. So the name would probably help him with lots of people. <BR/>But I don't know what to do with him either. I personally lean toward revenge and deterrence, but really vicious punishments didn't seem to work all that well up through Victorian times, so I don't know. I do think Singapore has it right with canings etc for many situations. It's a lot cheaper, there's more public humiliation, and the pain might be a deterrent for people who would actually seek out "3 hots and a cot." On the other hand, a good caning would probably kill Madoff.Anonymousnoreply@blogger.com