
“The U.S. government’s policy of drug prohibition, like alcohol prohibition before it, is a failure. The economic analysis of fighting a supply-side drug war predicts that the war will enhance drug suppliers’ revenues, enabling them to continuously ratchet up their efforts to supply drugs in response to greater enforcement. The result is a drug war that escalates in cost and violence. The drug war causes drugs to be more potent and their quality less predictable than if drugs were legal, leaving the remaining users at greater risk and, in the face of higher prices, more likely to commit crimes to support their habit.”
http://www.econlib.org/library/Columns/y2013/Powelldrugs.html
Related posts:
FATCA: a Tool of the Electronic Surveillance State
Never Forget 9/11... And Never Stop Asking What It Really Was
Our American Dream Has Become The World's Nightmare.
Napolitano: What if Government Steals Liberty and Fails to Deliver Safety?
Powers-That-Be Secretly Terrified Of People, Pretend They’re In Control
Vote Harder: The Barack Obama Story
Small minds, big ideas: The implications of the IRS targeting anti-tax groups
FATCA, GATCA and the Changing Investment Scene, Worldwide
Bill Bonner: The war on the young
Jacob Hornberger: Why Kennedy Had to Be Removed
Fraud in the Financial Markets: Are You Vulnerable?
Central banks that trade on the stock market [2013]
The American Surveillance State Is Here. Can It Be Evaded?
Is Size Overrated?
Are We Approaching Peak Retirement?