I particularly like the following Carden observation:
Drugs are stronger and more dangerous precisely because they are illegal. This is explained by the fact that low-potency drugs become relatively more expensive to supply when enforcement increases. The demand for narcotic effects is extremely inelastic; as we ramp up enforcement, people come up with newer and better ways to serve the demand. One way they do this is by increasing the potency of the product.
No comments:
Post a Comment