Mises Wire

A Personal Request from Milton Friedman!

A Personal Request from Milton Friedman!

That was the urgent message on the letter in my college mailbox. It turns out that Dr. Friedman wants me to sign an open letter endorsing The Budgetary Implications of Marijuana Prohibition. What troubles me is the reasoning:

“The report finds that replacing marijuana prohibition with a system of taxation and regulation would save the United States $7.7 billion per year in state and federal expenditures and might generate as much as $6.2 billion annually in tax revenue.” True, but we could raise some revenue if we started taxing hugs, too.

Needless to say, I don’t think I’ll be signing this petition, even though I’m all for decriminalizing / completely legalizing marijuana.

All Rights Reserved ©
What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. 

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member
Mises Institute