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Public Policy

In: The Austro-Libertarian Point of View

Author

Listed:
  • Alan G. Futerman

    (University of the Latin American Educational Center)

  • Walter E. Block

    (Loyola University New Orleans)

Abstract

This chapter is divided in two sections, both dealing with public policy from an Austro-libertarian perspective. Section 1 deals with the War on Drugs. Most modern societies prohibit the use of addictive drugs such as cocaine and heroin. We contend this is a mistake. They should all be legalized, forthwith, since their usage constitutes a victimless crime. Moreover, most of the evils associated with drug production, distribution and consumption are due to the War on Drugs itself, and not because of the drugs themselves. The War on Drugs is the modern-day Prohibition. And just as it occurred during that tragic era, including the Mafia, widespread murder, poisoned liquor, etc., the same is being repeated now with drugs. But if the same course of action is taken, the same results are to be expected. The only way to effectively fight Cartels and drug-related tragedies, is to decriminalize drug production, distribution, and consumption. In other words, to end this War. Section 2 consists in a short essay attempting to show how a truly free society would deal with a pandemic such as COVID-19. Mainly through the functioning of the market as guided by the price system and the incentives promoted by capitalist institutions such as private property rights, free association, and non-aggression.

Suggested Citation

  • Alan G. Futerman & Walter E. Block, 2021. "Public Policy," Springer Books, in: The Austro-Libertarian Point of View, chapter 0, pages 185-196, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-4691-1_8
    DOI: 10.1007/978-981-16-4691-1_8
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