August 06, 2004 5:15 PM

News Flash: Anti-Drugs Campaign is Failing!

The BBC is reporting this absolutely predictable story:

US drugs tsar John Walters has admitted that Washington's anti-narcotics policy in Latin America has so far failed.

Naturally, of course, merely because it hasn't worked to date is no reason for doubt.

[Walters] predicted positive results would be seen within a year.

I wonder if an Idea Futures market on the success of U.S. drug interdiction would find many takers on the "drug war succeeds" side of the bet.


Posted by Perry E. Metzger | Categories: Economics, Politics