@WSJ it is. They're profiting
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@WSJ Mr. Wainright, fascinating article. Are you based in the states? Would you be up for an interview?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@WSJ@t_wainwright Unfortunately, the economic reasoning in this article is fundamentally incorrect. A dominant drug cartel acts ... -
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@WSJ@t_wainwright as both monopsonist (in buying from coca farmers) and as monopolist (in selling to cocaine distributors). -
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@WSJ@t_wainwright So long as coca-leaf supply is highly elastic and cocaine demand is highly inelastic, as argued in the article, ... -
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@WSJ@t_wainwright an eradication program that eliminates half of cocaine supply has small effect on farmers’ price for coca leaf ... -
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@WSJ@t_wainwright and a big effect on cocaine’s street price. In particular, Mr. Wainwright is wrong in asserting that street prices -
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@WSJ@t_wainwright cannot go up by more than the amount that coca-leaf prices go up. A simpler explanation for the ineffectiveness of -
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@WSJ@t_wainwright eradication programs is that drug cartels induce farmers to plant twice the crop, knowing half will be destroyed -
@games_to_change Hi David, I would like to debate this more, but in more than 140 characters! Message me yr email and I'll drop you a line - 1 more reply
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@WSJ legalize all drugs. Create health care instead of prisons. Social Darwinism and tax revenues.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@WSJ The consensus thinking is the rapid change in data will preclude any actions until the next meeting.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@WSJ The world markets would be awash with drugs ..i guess it would be similar to what happened to China during opium wars!!Thanks. Twitter will use this to make your timeline better. UndoUndo
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@WSJ What would happen is the people caught would pay a small fine and move on with their lives.pic.twitter.com/TGIWadxDfS
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@WSJ this war is just a bullshit its time to change thatThanks. Twitter will use this to make your timeline better. UndoUndo
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@WSJ Economist don't have very good track record eitherThanks. Twitter will use this to make your timeline better. UndoUndo
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