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Milton Friedman: Legalize It! (The Budgetary Implications of Marijuana Prohibition)
Forbes.Com ^ | June 2, 2005

Posted on 06/02/2005 4:40:30 AM PDT by Wolfie

Milton Friedman: Legalize It!

SAN FRANCISCO, CA - A founding father of the Reagan Revolution has put his John Hancock on a pro-pot report.

Milton Friedman leads a list of more than 500 economists from around the U.S. who today will publicly endorse a Harvard University economist's report on the costs of marijuana prohibition and the potential revenue gains from the U.S. government instead legalizing it and taxing its sale. Ending prohibition enforcement would save $7.7 billion in combined state and federal spending, the report says, while taxation would yield up to $6.2 billion a year.

The report, "The Budgetary Implications of Marijuana Prohibition," ( available at www.prohibitioncosts.org ) was written by Jeffrey A. Miron, a professor at Harvard , and largely paid for by the Marijuana Policy Project ( MPP ), a Washington, D.C., group advocating the review and liberalization of marijuana laws.

At times the report uses some debatable assumptions: For instance, Miron assumes a single figure for every type of arrest, for example, but the average pot bust is likely cheaper than bringing in a murder or kidnapping suspect. Friedman and other economists, however, say the overall work is some of the best yet done on the costs of the war on marijuana.

At 92, Friedman is revered as one of the great champions of free-market capitalism during the years of U.S. rivalry with Communism. He is also passionate about the need to legalize marijuana, among other drugs, for both financial and moral reasons.

"There is no logical basis for the prohibition of marijuana," the economist says, "$7.7 billion is a lot of money, but that is one of the lesser evils. Our failure to successfully enforce these laws is responsible for the deaths of thousands of people in Colombia. I haven't even included the harm to young people. It's absolutely disgraceful to think of picking up a 22-year-old for smoking pot. More disgraceful is the denial of marijuana for medical purposes."

Securing the signatures of Friedman, along with economists from Cornell, Stanford and Yale universities, among others, is a coup for the MPP, a group largely interested in widening and publicizing debate over the usefulness of laws against pot.

If the laws change, large beneficiaries might include large agricultural groups like Archer Daniels Midland and ConAgra Foods as potential growers or distributors and liquor businesses like Constellation Brands and Allied Domecq, which understand the distribution of intoxicants. Surprisingly, Home Depot and other home gardening centers would not particularly benefit, according to the report, which projects that few people would grow their own marijuana, the same way few people distill whiskey at home. Canada's large-scale domestic marijuana growing industry ( see "Inside Dope" ) suggests otherwise, however.

The report will likely not sway all minds. The White House Office of Drug Control Policy recently published an analysis of marijuana incarceration that states that "most people in prison for marijuana are violent criminals, repeat offenders, traffickers or all of the above." The office declined to comment on the marijuana economics study, however, without first analyzing the study's methodology.

Friedman's advocacy on the issue is limited--the nonagenarian prefers to write these days on the need for school choice, calling U.S. literacy levels "absolutely criminal...only sustained because of the power of the teachers' unions." Yet his thinking on legalizing drugs extends well past any MPP debate or the kind of liberalization favored by most advocates.

"I've long been in favor of legalizing all drugs," he says, but not because of the standard libertarian arguments for unrestricted personal freedom. "Look at the factual consequences: The harm done and the corruption created by these laws...the costs are one of the lesser evils."

Not that a man of his years expects reason to triumph. Any added revenues from taxing legal marijuana would almost certainly be more than spent, by this or any other Congress.

"Deficits are the only thing that keeps this Congress from spending more" says Friedman. "Republicans are no different from Democrats. Spending is the easiest way to buy votes." A sober assessment indeed.


TOPICS: Culture/Society
KEYWORDS: bongbrigade; cary; donutwatch; miltonfriedman; wodlist
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To: PreciousLiberty

lol. A "hairnet"? Some folks buy those to look cool, yaknew. It's that newer sexy approach: "Go ahead, ya big lunk, tear off my hairnet."


121 posted on 06/02/2005 10:35:22 AM PDT by Alia
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To: Alia
I know, it was a joke. I would consider someone suing over the affects (if any) over pot smoking to be a frivolous lawsuit, as well.

At what point does personal responsibility enter the equation.

122 posted on 06/02/2005 11:57:14 AM PDT by soundandvision
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To: freepatriot32

ping.


123 posted on 06/02/2005 11:59:51 AM PDT by dread78645 (Sorry Mr. Franklin, We couldn't keep it.)
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To: shellshocked

No argument here. As long as work peformance is the yardstick.


124 posted on 06/02/2005 12:33:43 PM PDT by Wolfie
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To: Abram; Annie03; Baby Bear; bassmaner; Bernard; BJClinton; BlackbirdSST; blackeagle; BroncosFan; ...
Libertarian ping.To be added or removed from my ping list freepmail me or post a message here
125 posted on 06/02/2005 12:45:40 PM PDT by freepatriot32 (www.lp.org)
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To: Wolfie
I have just one problem with this article. It should read RElegalize it seeing as how it was legal from the 1600's when people first stepped foot on the american shores until 1937 when it was outlawed for purely rascist and politically whoreish reasons

The History of the Marihuana Tax Act of 1937

126 posted on 06/02/2005 12:50:33 PM PDT by freepatriot32 (www.lp.org)
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To: Wolfie

"As long as work peformance is the yardstick."

My argument has always been that performance is the measurement. Illegal drugs is a stupid idea. Prohibition didn't work for alcohol so what makes people think it will work for any other drug?

It is a liberal philosophy that banning guns will cure violent crime, so what makes conservatives who hate drugs think that banning drugs will remove drug abuse and use?

If people have the right and power to not associate with people who do drugs, then drug use will curb itself. For the most part, we do refuse to associate with druggies and drugs are not a common problem in society. Parts of society may have drug problems, but after over three decades of making such drugs illegal, the use is still there bigger than it ever was.


127 posted on 06/02/2005 1:54:20 PM PDT by shellshocked (They're undocumented Border Patrol agents, not vigilantes.)
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To: OldFriend
Drug abusers are not rational and do not make reasoned decisions, but certainly many drug users are and do (including alcohol users and recreational pot users).
128 posted on 06/02/2005 3:26:23 PM PDT by ellery (The true danger is when liberty is nibbled away, for expedience, and by parts. - Edmund Burke)
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To: soundandvision
I wasn't being entirely frivolous when I brought up the "lawsuit" aspect of suing pot merchants for "false advertising". Back in the early 70s, in the SF Bay Area, the "organic" movement was just beginning -- not even a blip on the radar. Sure enough.. Smoking Herbs became a "high" (the organic/vege movement started after this). You know how many kids raided their mom's kitchens for Oregano, Rosemary, etc.? (It mostly gave them a headache, but I digress). So say a merchant advertises, "Maui-Wowie" (just to pick a name); and newbie pot smoker says "That stuff was wowie". But an older pot smoker might consider it light weight; and not like the stuff he used to smoke; and either refund him.. or...

Hey? What happens when a customer would want a refund?

But you are right; it could be not a matter at all in re lawsuits.

129 posted on 06/02/2005 3:44:27 PM PDT by Alia
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To: DManA

Because Milton sees the utter chaos the "War on Drugs" is doing to America, economically and socially.


130 posted on 06/02/2005 3:46:43 PM PDT by rasblue (What would Barry Goldwater do?)
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To: freepatriot32

Hold on. Was it actually written into law, that it was legal? I mean.. take tomatoes, for example. Currently there is no law prohibiting growing and eating tomatoes. Does this mean they are "items not addressed by law"? But not either legal nor illegal.


131 posted on 06/02/2005 3:47:30 PM PDT by Alia
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To: Redleg Duke

This isn't about drugs -- it's about the abuse of fundamental rights that have become part and parcel of the war on drugs.

It's similar to opposition to the war on smoking. It's often not about smoking per se, but about private property rights.

I oppose the war on drugs, the war on smoking, and the war on firearms owners. I don't do drugs, don't smoke, and don't own a gun, your unfounded accusations notwithstanding.


132 posted on 06/02/2005 3:49:43 PM PDT by ellery (The true danger is when liberty is nibbled away, for expedience, and by parts. - Edmund Burke)
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To: Alia

I think you're mistaken about how our system works. Our system is based on the principle that anything that is not forbidden by law is by definition legal.


133 posted on 06/02/2005 3:57:59 PM PDT by ellery (The true danger is when liberty is nibbled away, for expedience, and by parts. - Edmund Burke)
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To: ellery

Thank you, I suspected that might be so. But I think the ground, as you have described, is rather murky. Enter example: abortion versus murder. But, that particular issue is for another subject.


134 posted on 06/02/2005 4:05:43 PM PDT by Alia
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To: Alia

Heh -- yes, a whole other can of worms. :)


135 posted on 06/02/2005 4:17:01 PM PDT by ellery (The true danger is when liberty is nibbled away, for expedience, and by parts. - Edmund Burke)
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To: ellery

Kids just came up with a way to get high from angels' trumpets, a kind of flower.

Can you imagine the Feds going after high school kids getting buzzed from a flower? Can you imagine mandatory minimums and burning acres of angel's trumpet crops?

People will find ways to alter their brain chemistry. ALWAYS. For every illegal drug, there's a jimpson weed or angel's trumpet or paint inhalant.

What a ridiculous waste of humanity and freedom.


136 posted on 06/02/2005 4:57:24 PM PDT by Skywalk (Transdimensional Jihad!)
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To: tnlibertarian

Your welcome.


137 posted on 06/02/2005 5:30:21 PM PDT by PGalt
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To: soundandvision

Anti-reason and logic, anti-self, anti-life.


138 posted on 06/02/2005 5:31:59 PM PDT by PGalt
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To: Protagoras

No thanks.


139 posted on 06/02/2005 5:33:02 PM PDT by PGalt
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To: PGalt

Too bad. You might rise to some useful level if you could be a billionth as crazy.


140 posted on 06/02/2005 5:35:59 PM PDT by Protagoras (I’ve had all I can stands and I can’t stands no more.....Popeye)
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