Moreover, there is little connection between the severity of a drugs policy and prevalence of use. Illegal drugs continue to get easier and cheaper to obtainâ€”for example, a gram of cocaine cost about $38 wholesale in the U.S. in 2003, down from $48 in 2000 and $100 in 1986.
So let’s spray Paraquat all over the Saudi oilfields and see what happens? Tell the Coast Guard to start interdicting oil tankers. Maybe adopt a zero tolerance policy towards internal combustion engines on school property. We could have 25 cent gas again. (Or at least the third option would make the roads safer.)
For what it’s worth, 500 economists including Dr. Milton Friedman have “released an open letter to President Bush and other public officials calling for â€œan open and honest debate about marijuana prohibition,â€? adding, â€œWe believe such a debate will favor a regime in which marijuana is legal but taxed and regulated like other goods.â€?
This post by The Eclectic Econoclast is not responsible for my theorizing on oil markets, it merely set me thinking…again…