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Randy_M comments on Gun Control: How would we know? - Less Wrong Discussion
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Right, that was the implication. I don't think they tend to do much to improve the quality of babysitting. (Okay, somewhat harsh, but I was a teacher.)
but surely even if they did, it wouldn't be enough to justify the cost in strict utilitarian calculations like the above?
I don't know, why wouldn't it be? A high-tech wealthy economy depends on education, with all the direct & indirect returns implied.