Oddbean new post about | logout
 This does sound pretty insane, though the counterfactual "what would have been the 'criminal funds generated annually' had €0 been spent on compliance instead of €144Bn" is worth thinking about (that which is unseen) -- but the bar is still very high, if expenditure is €144Bn then the crime it prevented would have to be on the order of €1Tn to be merely ~10% complicance loss... which is a lot of 'crime'.