Tuesday, January 17, 2012

Nanny State economics

Reason magazine breaks down the cost of smokes, booze and drugs to society.

The Office of National Drug Control Policy says illegal drug use costs society $181 billion annually. But: “Over two-thirds (71.3 percent) of the costs of drug abuse are attributed to lost productivity.” It also notes that $39 billion of that lost productivity results from incarceration, so this “is not a cost of drug abuse but, rather, the costs of current [drug-control] policies.”

Actual health costs from drug abuse? Less than 9 percent of the total.

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