Mary Anastasia O’Grady is one of the bright lights in the media in actually understanding and discussing the economics of prohibition. She has an outstanding OpEd today in the Wall Street Journal: The Economics of Drug Violence: Competition in the narcotics trade is preferable to monopolistic syndicates.
It’s a very insightful article about the drug violence in Mexico and how it relates to policies in the U.S., as well as our new understanding of Colombia (she nails former DEA head Bonner).
I also enjoyed her apt description of the challenges of Prop 19:
The combination of conservatives who fear that legalization would transform us into a hash-happy heap of hippies, drug warriors who make a living off of the criminalization of pot smoking, and gangsters whose profits are tied up in prohibition could be enough to defeat it by a narrow margin.