Economic perspective of legalizing drugs


Question:

This is an important and widely discussed economics, politics as well as ethics problem. We will look at it only from the economics point of view. You will be studying demand and supply and this is a direct application. At one point the article I want you to read says

"The ultimate solution to any drug problem is not to curtail supply, but to curtail demand."

Read this and give me the economic arguments for and against this.

https://stonegardeneconomics.com/blog/?p=934

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Macroeconomics: Economic perspective of legalizing drugs
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