The Wall Street Journal and other mainstream media outlets continue to harp on El Salvador's president Nayib Bukele for cleaning up the streets and moving to a Bitcoin standard. The latest headline from WSJ reads:
The Country With the Highest Murder Rate Now Has the Highest Incarceration Rate
El Salvador President Nayib Bukele kicked off a gang crackdown that has strong support from locals who can now live and do business safely, but faces questions from rights groups.
I think Bukele should turn this narrative its head by paying inmates bitcoin to learn new skills so they can re-enter the workforce and contribute to El Salvador’s rebirth.
Not sure if this is possible (or perhaps this isn't a new idea) but I think this would be a very effective way to reduce the prison population and rehabilitate former criminals/gang members by resetting their time preference and giving them a path forward so they stay out of the correctional system.
Plus, it will make the talking heads explode 🤯 . Of course, they'll just find something else to criticize.