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You might as well quit since I doubt you have the capacity to teach me anything about economics.
You apparently don't even understand how or why free markets work.
A ton of money is being spent on evading and fighting police and the competition. Black markets do not lead to growth or prosperity because too many resources are spent on violence and resiting violence. There is no respect for life or property in a black market and so it leads to death and destruction, not wealth. A market needs to be free of force for it to grow.
You are clearly an idiot. If the illegal drug trade is actually effective in creating wealth then why aren't those areas where the trade is high prosperous centers of trade?
A ton of money is being spent on evading and fighting police and the competition.
haha. worse reply ever.
look kid. you claim a bubble will form, when the fact is a bubble exists because of the black market. decriminalization will burst the bubble, not create one.
everything you wrote is wrong. take this:
no ****. we go into debt spending money we don't have on this. that is part of the bubble genius. all kinds of bubbles exist - in this case we artificially raise the cost of law enforcement, creating a bubble there. a bubble exists in the cost of growing weed. a bubble exists in the cost of transporting it. most of the trucking world bases costs on weight, shelf life, etc, but in this case we have a transportation bubble because of the high risk of getting caught
go crack a book, I say that in the most polite manner possible.
More condescension will not cover the fact that you are clueless. If it were legal you, I and everyone else could easily invest in that market and expect a profit. Investment in the black market is limited and unstable because it is illegal. Duhhhhh. There is no bubble in the black market moron.
LOL... You have no clue what you are talking about.
At this point you are clearly so angry and entrenched that you aren't really offering anything substantial to reply to.
so I'll simply state some basic things we can expect:
drug producers would not see the profits they currently see today. on the positive side for them, they could stop worrying about the fortunes they do aquire from being wiped out, but how often do you hear about farmers making fortunes?
every part of the supply chain will make less money. those who transport it, those who peddle it, those who store it. The sacrifice in earnings will be countered by an increase in stability by again, falling within the law.
Money spent on law enforcement could go down, but history shows that unlike private sector, government doesn't spend less money simply because they can, so I would asterisk this one.
Given the above, the end user can expect to spend less money on it, giving them more disposable income. I'm going to throw out the stereo type that pot users on the whole are at the low end of the wage scale, so I see this as a net boon to consumer spending patterns
As for how to eventually add up all the above, and claim a bubble will form from pot usage is something you have not articulated at all.
Angry? I am in stitches. I am not laughing with you.
You are clueless. The premium price in a black market does not go toward wealth or growth. It covers the cost of loss due to arrest or being shot by police and the theft and risks of being killed by rival criminals. If black markets produced wealth then the people of the USSR would have been well off.
You don't understand markets and can't possibly be an advocate of a free market as you are apparently to stupid to understand that it is preferable to a black market.
And I most certainly did explain how a bubble might emerge. A legal market is open to investment and it would attract quite a bit. The black market is not open to investment. Do I need to cover something even more basic for you?
Driving stoned on pot is probably more safe than driving sober. Marijuana enhances the senses, meaning you can see a little bit more clearly and hear things you typically wouldn't of heard. With my eight years dealing with drug addiction, not once was I in an accident, and I drove stoned pretty much on the regular. Honestly, people that are sleep deprived are probably more dangerous than people who are stoned. Cops aren't pulling over people for being tired are they?
There is absolutely no argument you can put forth defending the illegalization of marijuana and not deal with the current legal substances of alcohol and tobacco. None.
Is $100 a good price?By that same logic, we wouldn't have to spend so much on imprisoning murder, if murder was legal.
Perhaps you're right. Perhaps there will be some enforcement issues still somewhat associated with pot. But I doubt that the enforcement of tax laws at the local farmer's market will really be on the same scale as the current War on Drugs and require the creation of its own federal agency.My entire point, is that legalization of pot isn't going to make the whole enforcement issue go away.
I have reasonable doubts about this. I'd have to see some very convincing evidence.Driving stoned on pot is probably more safe than driving sober.
Not exactly. They pull people over for driving poorly. But yes, they can and do pull you over for driving poorly even if the reason is that you're too tired to be on the road.Honestly, people that are sleep deprived are probably more dangerous than people who are stoned. Cops aren't pulling over people for being tired are they?
I advice you get your anger in check if you plan on remaining in this thread.
prices don't cover the loss created by illegal activity. you can't compare how prices are derived in a free market with an illegal market.
And I assure you black markets do produce wealth. how much wealth is not easy to gauge since they have to remain hidden.
Also, I have never read anything that leads me to believe that growing a weed is difficult. I suspect that many smokers would simply cultivate their own little patch. I bet a couple dozen plants, maybe a 50 - 100 sq ft plot, would keep the average smoker good til the next season. [If you're like me and can't tell, I pulled those numbers out of nowhere.] If you have better data feel free to share.so I'll simply state some basic things we can expect:
drug producers would not see the profits they currently see today. on the positive side for them, they could stop worrying about the fortunes they do aquire from being wiped out, but how often do you hear about farmers making fortunes?
every part of the supply chain will make less money. those who transport it, those who peddle it, those who store it. The sacrifice in earnings will be countered by an increase in stability by again, falling within the law.
Money spent on law enforcement could go down, but history shows that unlike private sector, government doesn't spend less money simply because they can, so I would asterisk this one.
Given the above, the end user can expect to spend less money on it, giving them more disposable income. I'm going to throw out the stereo type that pot users on the whole are at the low end of the wage scale, so I see this as a net boon to consumer spending patterns
As for how to eventually add up all the above, and claim a bubble will form from pot usage is something you have not articulated at all.
Also, I have never read anything that leads me to believe that growing a weed is difficult. I suspect that many smokers would simply cultivate their own little patch. I bet a couple dozen plants, maybe a 50 - 100 sq ft plot, would keep the average smoker good til the next season. [If you're like me and can't tell, I pulled those numbers out of nowhere.] If you have better data feel free to share.
But, just as I frequent the farmers market and rarely grow my own fruit and vegetables, I suspect that many people would still pay someone to grow it for them.
With more competition on the supply side, the prices and profit margins should fall. Of course the loss of the huge govt subsidy we give to the trafickers of illicit drugs would be gone too. But that goes w/o saying.
Still just laughing at your empty pretense and condescension. I don't need your advice on anything. Keep your two cents, they are overvalued.
Prices don't cover the losses created by the illegal market.
The wealth is not hidden.
It is being destroyed by the violent nature of the black market.
Do you honestly believe that black markets create as much wealth as a free market?
Also, I have never read anything that leads me to believe that growing a weed is difficult. I suspect that many smokers would simply cultivate their own little patch. I bet a couple dozen plants, maybe a 50 - 100 sq ft plot, would keep the average smoker good til the next season. [If you're like me and can't tell, I pulled those numbers out of nowhere.] If you have better data feel free to share.
Out of curiosity, how many tobacco plants would one need to grow to support a pack a day habit? Do you know? I have no idea.Growing tobacco is pretty easy too.
About the bolded part, do they do that to pot? Smoke it that way like teas and whatnot?You can grow smokable pot pretty easily. To grow something of high quality that tastes good and does not require smoking lots of extra plant matter is a little more difficult on a small scale and you would not be able to do it very affordably.
I have never grown an orchard myself. We do grow some tomatoes, squash, etc sometimes. But mostly I buy produce from someone else who grew it.I imagine costs would go down so far that most people would continue to be consumers just because they would find it cheaper and easier to acquire then they have today.
I have never grown an orchard myself. We do grow some tomatoes, squash, etc sometimes. But mostly I buy produce from someone else who grew it.
We are big on growing our own herbs though. It's great to have basil and mint leaves that were on the plant 5 minutes ago. Very aromatic.
suit yourself.
losses aren't a guarantee, so it doesn't matter in the aggregate.
The reason it is called black market is that it operates in the dark.
and other pointless statements...
If this were actually true, people wouldn't take the risk. some people do profit heavily, which is the primary motivation that causes the drug war to not prevail.
Depends on the market dynamics. you keep saying free market, but tobacco and alcohol are hardly a free market.
you think heroin would be introduced freely into the market?
I think the funny thing though, is you aren't talking about a market bubble specific to the topic at hand.
Yes, the FED as a whole creates bubbles by manipulating interest rates. Whether pot is legal or not, that is something the Fed is going to continue to do. Why that even factors into concerns about drug policy is beyond me.
I assumed you were actually talking about something relevant to this issue and the artificial bubbles created by government intervention in the market.
Do you not even know the difference between micro and macro level economics? The fact that one person can make money does not indicate that it is a sustainable or profitable market at the macro level.
About the bolded part, do they do that to pot? Smoke it that way like teas and whatnot?
I know enough about history, to know that organized mobs made a ton of money on illicit trade.
It's late, and I have grown tired of your antics. I ultimately see your original point - you used this thread as a precursor for a general rant about the fed.
I may or may not see the point tomorrow to actually bother looking at the remainder of your "contributions"
I know enough about history, to know that organized mobs made a ton of money on illicit trade.
So thc directly crosses the blood brain barrier is what you're saying?Some brains, as I know one personally, smoke pot their entire lives. THC, the active ingredient in marijuana, is a weak acid. That basically means there is small disassociation when the THC reacts with the neurons.
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