Re: Start a war on everything! All prices will drop
[ QUOTE ]
Why is it that every other commodity on the face of the earth (pretty much) has quadrupled in price over the past 25 years but heroin and cocaine (which have been selectivly targeted for elimination by the government whereby a trillion of dollars have been spent 'fighting them') price has either remained constant or reduced?
[/ QUOTE ]
I'm not sure I buy that the price of drugs hasn't risen. Even still, legalization/prohibition isn't the only factor affecting price. More efficient manufacturing, for instance, lowers price. The price of other commodities would likely rise even more than they have if they were made illegal (although your example of Haynes doesn't fit as well because its demand curve isn't at all similar to that of narcotics). Imagine the cost of cigarettes if you had to buy them illegally from street dealers.
|