Drug Wars – We Hold These Truths to be Self Evident

Posted by on Jul 26, 2008 in Drugs, War on | 23 comments

Drug War Success

Most of the harm that comes from drugs is because they are illegal.
- Milton Friedman

We’re Winning the Drug War

No, we lost the second it started. It’s unbelievable to me that we would blindly go down this road again. After all, it was just 40 years earlier when we had the slap in the face that Prohibition gave us. We are STILL paying for Prohibition. By outlawing alcohol we created enormous profit margins for criminals. Criminals used those profits to build empires that persist to this day (the Mafia).

Think about it. If a product or service that is in high demand becomes illegal what is the first thing that happens? Profit margins go up. Once the allure of riches becomes apparent, then those that don’t respect the law will begin delivering those illegal goods and services. When those criminals feel that they’ve been taken advantage of, or ripped off – do they turn to law enforcement? Well…sure, the stupid ones might… but most realize they must take matters into their own hands. Criminals use their profits to build armies. Criminals kill each other and innocent bystanders that get in the way. In the most desperate neighborhoods and countries, druglords are the law.

By making drugs illegal we have turned Columbia into one of the most dangerous places on planet earth. Mexico is rampant with drug money pay offs and even the military is bought and sold by powerful cartels.

Federal, State, and local government spent roughly $50,000,000,000 (50 Billion!) last year enforcing and prosecuting drug crimes in 2007. Despite the costs in money, lives, and damage to society — most high school children have easier access to illegal drugs than they do to alcohol.

Are we winning the war on drugs?

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Reduce Oil Prices by Regulating Speculators?

Posted by on Jul 12, 2008 in American Economy, Blogroll, Dollars & Sense, Falling Dollar, Free Thinkers, In the News, Missed the Point, Oil prices, Regulation, Suckered, US Dollar | 4 comments

As the dollar falls, oil prices go upNo…

Government intervention will make the problem worse. Didn’t we already experience what happens when government interferes with the free market while Carter was president?

Speculation makes markets react faster and increases liquidity.  Without liquidity the market could be much worse and subject to larger price fluctuations.

Speculators are not the problem.  The number 1 problem is government created:  The Gulf War has cost 600 Billion dollars.  Rather than force Americans to pay for this in taxes, the government has borrowed and printed money.  This has caused the dollar to crash in value.  Oil is a commodity, just like gold, copper, and steel.  All of these items have gone up in dollars as the dollar has gone done in value.

If the dollar held it’s past value, oil would be under $100 a barrel.

Besides the crashing dollar, other significant causes are:  increasing demand from Asia, decrease in new discoveries, subsidized gas in China, and high per capita consumption in the U.S.

Speculation is a debatable factor.  I don’t think it hurts us, but I know government interference will!

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