300 economists approached U.S politicians with facts and knowledge? I’m sure their advice will be well received:
Over 300 economists have signed on to an open letter to the President, Congress, Governors, and State Legislators asking them to allow this “country to commence an open and honest debate about marijuana prohibition.” The petition states that the undersigned “believe such a debate will favor a regime in which marijuana is legal but [...]
Legalizing drugs in the U.S. could save the federal government $88 billion, according to Harvard economics lecturer Jeffrey A. Miron.
The findings, published by the Cato Institute, a libertarian think tank, show that legalizing drugs would save the federal government an estimated $41.3 billion in drug prohibition enforcement expenses.
Legalizing drugs—including marijuana, heroin, cocaine, and synthetic drugs—would also generate tax revenues of about $46.7 billion, Miron argued in the paper, which he [...]