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There are half a million people that go to bed every night in a jail cell solely because they can't afford to pay bail. The average bail we pay is somewhere close to $1,800. Most people in America don't have $500. Most people getting arrested don't have access to $500. So, they stay in jail. They're seven times more likely to plead guilty if they're in jail than if they're not in
jail.
Mike Novogratz
Mike Novogratz Is Passionate About Criminal Justice Reform; The System Is Broken
#451: Mike Novogratz on Bitcoin, Macro Trading, Ayahuasca, Redemption, and More
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