What Filipinos can learn about the Drug War from Nobel Prize Winner Milton Friedman

Here’s something for the statist/collectivist brain trust, from Nobel Prize laureate Milton Friedman. Read up and perhaps add a few points to your IQ and EQ.

​POINTS TO CONSIDER:

* The only party which can meet the armed state is organized crime/drug cartels that have the connections to move goods through customs or around customs via smuggling.

* Law of Supply and Demand

– Government prohibition causes scarcity of supply in the face of high demand.

– Low supply under conditions of high demand leads to high prices.

‘ High prices leads to high revenue for the wholesale supplier, which has connections within the government.

Conclusion:

By prohibiting drugs, government ensures high prices, which is revenue for cartels.

https://youtu.be/nLsCC0LZxkY

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

%d bloggers like this: