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Should heroin merely be priced higher, not banned, because of the harm it causes to society? Consider that artificial pricing always creates the Cobra Effect:
by TimTheTinker 2y ago
Should heroin merely be priced higher, not banned, because of the harm it causes to society?
Consider that artificial pricing always creates the Cobra Effect: unintended consequences abound that eventually more than undermine the original intent. This is how George Soros legendarily broke the Bank of England - by taking advantage of artificial pricing (in particular, exchange rates).
Furthermore, healthy societies enforce moral lines through criminal and civil law, not merely through fines and price manipulation.
- kelseyfrog 2y agoWhat about goods priced artificially low because they don't capture the cost of externalities? How can we be sure this isn't a case of artificially low prices?