Posts Tagged ‘marijuana’

Legalize It — The Economic Argument

30 January 2014

I wrote this one for The Huffington Post, so I will send you there.

The essence of the argument is that the expected benefits of legalization far exceed the expected costs, so it’s worth doing. The benefits and costs have little do with what people normally think of as economic factors, like tax revenues and law enforcement expenditures, which are actually quite small. What matters much more is the human cost of arresting, imprisoning, and/or seizing the assets of thousands of people and putting some 20 – 30 million more of them at risk of similar punishment for their recreational behavior.