Tagged: Tim Worstall

The Price of Weed - The Dismal Science

Eric Crampton Jul 17, 2014

Tim Worstall's likely right about the price of marijuana in a fully free market. He notes that the price of marijuana per kilogramme, in Malawi, where much international tobacco production takes place, runs as low as $3, so a pack of 20 joints would be maybe about $0.50. He makes a few predictions as consequence:So, yes, I feel confident … Read More