Economics @ ITT

Price of Illegal Drugs Is Dropping, Purity Is Increasing, and the Global War on Drugs Is Failing

Posted in economics by ittecon on October 3, 2013

Supply and demand in action? Legalising and regulating drugs would drive prices further whilst providing additional tax revenue streams and reducing costs of law enforcement and “justice” departments. Releasing prisoners would save even more. What better place than here, what better time than now?

The same story unfolds in the data for heroin and cocaine.  Prices for both drugs are down by eighty percent, while heroin purity is up sixty percent and cocaine purity is up eleven percent in the United States.  In Europe, the price of heroin dropped seventy-four percent and cocaine price dropped fifty-one percent.  Prices declined and purity rose despite ever-increasing seizures of those drugs and eradication of the drug crops globally.

via Price of Illegal Drugs Is Dropping, Purity Is Increasing, and the Global War on Drugs Is Failing | Alternet.

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