Milton Friedman

An Economist’s Thoughts

In this video clip, famed economist Milton Friedman explains the reasons why drugs should be made legal. One compelling argument from this clip is that crack cocaine was created due to the high cost of cocaine. By making drugs illegal, this allows for people to create new drugs, some such as crack cocaine, that are highly addicting and dangerous. The War on Drugs has a profound effect on society. Legalizing drugs would reduce the number of prisoners, the amount of homicides, among other things, according to Milton Friedman. Friedman continues arguing that the government shouldn’t impose a ban on drugs, as it is immoral for them to do so. If someone wants to do drugs, it is not directly harming other people, just the individuals using them.