An economist looks at illegal drug costs

Boston University Economist Jeffrey Miron argues on University of California TV that legalizing drugs would lower the crime rate, cut the demand for guns, reduce the spread of AIDS and improve race relations in this address to the UCSD Economics Roundtable. Series: Economics Roundtable [Public Affairs] Take a look and see if you think this makes sense. The speech was given in April 2000. So some of the figures may be out of date. The incarceration rate is probably higher.

He is not a boring speaker, however, if you prefer to read high lights from his book, check here.

Record high ratio of adults in prison in today's USAToday.