http://blog.norml.org/2012/04/17/over-300-economists-agree-its-time-to-legalize-marijuana/
You can read the whole article (if you wish) at the link above.
This part was particularly of interest to me:
Three of the three hundred economists who signed this statement are Nobel Laureates.
(Not that I think that we'll see much movement on this subject in the coming election season.)
You can read the whole article (if you wish) at the link above.
This part was particularly of interest to me:
We, the undersigned, call your attention to the attached report by Professor Jeffrey A. Miron, The Budgetary Implications of Marijuana Prohibition. The report shows that marijuana legalization — replacing prohibition with a system of taxation and regulation — would save $7.7 billion per year in state and federal expenditures on prohibition enforcement and produce tax revenues of at least $2.4 billion annually if marijuana were taxed like most consumer goods. If, however, marijuana were taxed similarly to alcohol or tobacco, it might generate as much as $6.2 billion annually.
Three of the three hundred economists who signed this statement are Nobel Laureates.
(Not that I think that we'll see much movement on this subject in the coming election season.)