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by CryptoPunk
1628 days ago
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Studies on laws limiting what interest rates payday loan companies may charge suggest such laws are net-harmful, because they reduce the availability of such loans, leading to people resorting to worse options, like bank overdrafts, or not paying rent being evicted: https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1538-4616.... >>There are still prohibitions on drug use that most agree should still be upheld due to the serious harm they tend to cause (addiction -> crime, serious health decline) relative to their benefits Prohibition is the reason there is a link between addiction and crime. In the absence of prohibition, prices would be as low as ground coffee, and no one would need to commit crime to support their habit. Another example of the harm of prohibition is the effect it had on how concentrated the drugs were in the form sold. In the late 19th century before prohibition most of these drugs were found in low concentrations in the products that marketed them. With the advent of prohibition, producers started to create higher concentration doses because such doses were easier to smuggle. |
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You don't understand how poor some people really are. And there are values to consider, like quality of life and justice, other than pure economic efficiency. We don't want people to be hopelessly enslaved to drugs and unable to otherwise lead productive, meaningful lives, even if drugs are as cheap as "ground coffee."
Please, I beg you, actually spend some time in the Real World instead of sitting in your comfy room and relying on Google searches in vain attempts to justify your cold academic view of the world.