Saturday, March 8, 2014

Jeffrey Miron's new take on the drug war

From Cato @ Liberty (The Cato Institute's blog):

If you lie down on a water bed, the amount of water does not change; it just moves elsewhere. A similar phenomenon occurs with drug prohibition; targeting one drug reduces its use, but that displaced demand shows up somewhere else. 

This is an incredibly powerful metaphor for the current scenario with America's war on drugs. The rest of his piece can be read here.

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