Good news: the United States may be experiencing the lowest murder rate in over a century

http://www.washingtonmonthly.com/political-animal-a/2013_05/good_news_the_united_states_ma044821.php

by Kathleen Geier, washingtonmonthly.com
May 18th 2013

Now for some good news: according to economic consultant Rick Nevin, this year, the U.S. in on track to experience the lowest murder rate in over 100 years. Nevin reports that, based on preliminary FBI data, the weighted average murder rate in 30 large localities nationwide this year is 18% lower than it was at this time last year. Even in my hometown of Chicago, for example, which has suffered from a sky-high homicide rate, murders have declined by an astonishing 39%, as compared to this time last year. And New Orleans, which in recent years has experienced the nation’s highest murder rate, has seen an 11% decline in homocides this year.

Nevins, like Kevin Drum, believes the crime is attributable to declining rates of lead exposure in childhood. Here’s Drum, referring to curves on a chart which measures the relationship between lead exposure and the murder rate (you’ll have to click on his post to see the chart, because I’m not able to upload it here):

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Lead exposure doesn't just lower IQs and hurt educational development. It also increases violent tendencies later in life.

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Put this all together and the benefits of lead cleanup could be in the neighborhood of $200 billion per year. In other words, an annual investment of $20 billion for 20 years could produce returns of 10-to-1 every single year for decades to come. Those are returns that Wall Street hedge funds can only dream of.