Gerik asked in Social ScienceEconomics · 1 year ago

Is there anything wrong with an economics professor who agrees that drugs should be legalized to boost the economy?

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  • 1 year ago
    Favorite Answer

    Eh...wrong...no? Mistaken? Yes.

    The concept of legal drugs is that it would raise taxes, lower prices, and enforce quality control so that fewer people would die from bad drugs. Oh, and it would result in fewer people being thrown into jail so incarceration costs would plummet.

    This is not a new idea and your prof is not the only one who has it.

    But the important element missing from this model is that the drug cartels would not go away. In fact they would under cut the legal drug costs and sell the drugs illegally at discount prices. Why? Because they won't have to bear the burdens of government regulations and laws.

    As a result, those who are really hooked and poor will continue to buy their drugs on the black market. And the legal drug dealers will find a much smaller market base than they anticipated. And many of them would fail.

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  • Nom
    Lv 5
    1 year ago

    drugs are legalized to boost the economy im sure the makers of viagra would agree, so would other drug manufactures who have commercials indicating side effects worse than the ai;lment the drug is treating

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  • 1 year ago

    If he's only talking about pot, he's got a lot of company. 10 states have already legalized it, with the rationalization that is no worse than liquor, which is legal. Of course, any mind altering substance has known hazards such as addiction and misuse. However, if he's talking about hard drugs, he needs to be reported to the Dean.

    • Gerik1 year agoReport

      marijuana can cause bad experiences while tripping and severe withdrawal. all of psychedelic, narcotics, or hallucinogenic drugs produce by plants are crude chemical structures. there hasn't been enough research to suggest this poison. its all instant gratification without seeing the consequences.

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  • Anonymous
    1 year ago

    selling-out, it's OK to make-a-buck off someones else's misery ......................

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