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Showing posts with the label corruption

Prohibition, crises and War in the 1930s

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  Typical drug manufactures chart, 1930 No American schoolbook mentioned the Opium Wars  until Brian Inglis published The Opium War in 1976, the election year the Libertarian Party ran its second slate of candidates demanding repeal of drug prohibition laws. The audiobook version is now available.( link )  Brian's other drug book, the Forbidden Game, gives further insights into how prohibitionism developed as a cudgel with which pharma cartels wielded government laws as marketing tools and double-edged weapons once the colonial harnessing of addiction was out of the bag.( link ) The link between the dragooning of political States into marketing tools and weapons of economic warfare is not the sort of thing those political states extoll with pride. Enormous effort goes into disguising the fact made plain by Adam Smith in 1775 that wars prohibiting production and trade necessarily wreck national economies, just as purging the violence of law from trade relations gives rise ...

Wrecking Latin America, early 1980s

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  After America's 1931-1946 war on foreign drugs led through WW2, the UN replaced the League of Nations as vector of laws against production and trade. Nixon and Gov. Reagan banned psychedelics worldwide from 1967 through 1971--and money suddenly flowed into Latin American jurisdictions. Ronald Reagan stepped into Herbert Hoover and Harry Anslinger's shoes and per-capita manufacturing GNP in the largest such country, Brazil, promptly changed from increasing to decreasing in 1981.  Probability tells us that two events A and B are independent if and only if the probability of event A does not change when B occurs or is a given condition. This requirement is written P(A|B)=P(A). From 1980 through 1987, American mixed-economy conservatives noticed that expensive cocaine had replaced cheap LSD--unobtainable thanks to their prohibiton laws. The 400% price hike resulting from prohibition laws made the crude replacement substance profitable enough to finance tens of thousands o...

Causes of recessions after 1973

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  Again, this is that same chart showing unemployment and recessions 1973-74 : The DOW was high early 1973 as the pro-choice, anti-draft Libertarian Party got an electoral vote. Women became rightful individuals a couple of weeks later and the U.S. was driven out of Vietnam as unemployment dropped to 1960 levels. Nixon's Watergate burglars soon dominated the news until mid-October , when a Brussels bank was investigated for odd exchange transactions with German banks.( link ) The  New York Dow Jones average dropped from 1000 to about 600. Germany down from 800 to 550. France dropped from 100 to below 50. London dropped from 500 to 175. Italy showed wild zigzags, net loss. Holland dropped from 170 to below 100. Australia dropped from 650 to 75. Canada fell from 220 to below 150. Japan down from 410 to 275. Hong Kong 1000, spiked to 1800, then dropped to about 220... Why?  On 22JAN1973 , the same day the  Supreme Court voted by a margin of 7-2 that a woman had a consti...