I was once among the majority who believe that drug use must be illegal. But then I noticed that when vice laws conflict with the law of supply and demand, the conflict is ugly, and the law of supply and demand generally wins.
The drug war costs taxpayers about $40 billion. "Up to three quarters of our budget can somehow be traced back to fighting this war on drugs," said Jerry Oliver, then chief of police in Detroit, told me. Yet the drugs are as available as ever.
I like Stossel more and more these days. He is not afraid to take on "third rail" topics and approach them with reason and intelligence.