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by tzs
4955 days ago
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> "Suppressing" the market is impossible. How did it work with drugs? or with alcohol? For alcohol, consumption shortly after Prohibition in the US fell to about 30% of pre-Prohibition levels. It then increased over the next few years to about 60-70% of pre-Prohibition levels. It stayed at that level until Prohibition was repealed, and stayed there for a bit after then climbed over the next decade back to pre-Prohibition levels. Cite: Alcohol Consumption During Prohibition,
Jeffrey A. Miron and Jeffrey Zwiebel, The American Economic Review, Vol. 81, No. 2 (May, 1991), pp. 242-247. |
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