Billy Foster

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Billy Foster, PhD

Billy Foster

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Quotations

America’s health care system is neither healthy, caring, nor a system. — Walter Cronkite

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Posts Tagged ‘black markets’

Why Are Illegal Drugs Stronger Than They Used to Be?

Prof. Adam Martin explains how the drug war has altered incentives for both drug buyers and sellers, leading them to favor higher potency drugs. This is what economists call the potency effect.

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Tags: black markets, crime, drug policy, drug use, health economics, opportunity cost, substitutes

What You Should Know About Drug Prohibition

Prof. Angela Dills discusses the economics of drug prohibition.

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Tags: black markets, crime, drug policy, drug use, health economics
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