re: #281 lostlakehiker

It’s an arms race between interdiction and the technology of production and smuggling. Interdiction makes the price higher than it would otherwise be, all else held equal.

In practice, if the French can make chocolates cheaper and better, tariffs notwithstanding, consumption of French chocolate might also rise.

In Singapore, the price of cocaine is your life, which is high enough to dramatically cut consumption. It’s not like impossible to affect consumption through government action.

Not impossible, no. Thats why totalitarian states have low crime rates. But at what price? I think Singapore’s is too high. Do you?