The Definition of Libertarian: What Is Libertarian?

Reade This Landmark Book, A Most Comprehensive Survey of a Divers and Formidable Moovement in Politikal and Philosophical Thought:


The Ron Paul Revolution in Retrospect

The Rand Paul Revolution?

The Tea Party Movement

The Libertarian Party

The Free State Project

The Seasteading Movement

The Austrian Economists

The Anarchists

The Voluntaryists: Stefan Molyneux and Peaceful Parenting

The Agorists: Market Alternatives as Subversion

Objectivism: The Philosophy of Ayn Rand

The Ronald Reagan Revolution

The Crypto-Anarchists: Digital Currency and 3D Printed Guns

WikiLeaks and the Power of Disclosures

The Beltway Libertarians: Think Tanks

State Sovereignty Libertarians

The Psychological Libertarians

Tuesday, January 25, 2011

What Explains Crystal Meth?

"Most people have never really met crystal meth; sure, they talk about it on the news a lot, but how many average Americans know anyone who is a meth user? The drug goes by many names: methylamphetamine, N-methylamphetamine, desoxyephedrine, speed, and — most commonly — meth. Regardless of what it is called, methamphetamine is absolutely one of the most dangerous and addictive drugs on the black market today.

... economics provides the best explanation for the surge in popularity of meth despite the disproportionate danger of its use. Increased enforcement of drug laws, backed by increased penalties, led to higher prices and decreased availability of preferred recreational drugs such as marijuana and cocaine. High prices and periodic shortages led drug dealers and consumers to find substitutes — ersatz goods that would produce similar results but at a lower cost.

The scourge of crystal meth is another example of the "potency effect" or what has been called the "iron law of prohibition." When government enacts a prohibition, increases enforcement, or increases penalties on a good such as alcohol or drugs, it inevitably results in substitution to more adulterated, more potent, and more dangerous drugs."

Read the rest of this article
by Mark Thorton on Mises.org

Eric Sharp,
Regular Columnist, THL
Articles Author's Page

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