Wednesday, June 22, 2011

Wide Range

The American firm No Money Laundering says that a figure between 2 and 5 percent of Mexico's GDP is laundered each year. Such vague figures are common in drug industry stats, but we should take a second and reflect: that's a huge range! If all you can tell me about that the value of something is that it's between $20 and $50 billion, then you aren't really telling me much of anything, other than that it is huge, which I already knew. Again, No Money Laundering is by no means a particularly egregious offender; the NDIC estimates that the drug trade brings between $18 and $39 billion into Mexico.

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