Comment by JasonFruit

3 years ago

It sounds more morally acceptable to say, "The optimum level of anti-fraud enforcement does not eliminate all fraud." It's not that there's a nonzero amount of fraud that is optimal — all fraud is bad — but rather that the return on efforts to eliminate the last bit of fraud is negative.

I wouldn't even go as far as saying "level of anti-fraud enforcement", because "anti-fraud enforcement" ain't exactly formally well defined