"This is part of the conceit of the political Left: they think that just by passing a law, anything can be made so. But the reality is that passing a law banning alcohol did nothing to dampen demand; it only constrained supply. This, in turn, led to higher profits for the illegal products, which incentivized bootleggers to stimulate demand."
Citizen Economists » Prohibition and Potency
Friday, January 02, 2009
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