Every once a while, I would like to write something, my thoughts, especially many ideas.
I am the kind of person that think a lot and hope to find someone that is as smart as me and can communicate thoughts to each others.
Yesterday, I was watching the news on TV. I heard about this reinforcement on criminal law being newly put on, and some of the articles are about increasing punishment on illegal drug trades. Then, I think about economics. That, say if because of the law, drug trading becomes more difficult, the price of those drugs are gonna increase based on supply and demand. If the price increases, people would likely to take greater risk to sell those drugs. Then, potentially, the effects of the increased punishment can be diminished. The results will be differ from people's differences on risk-preference.
I thought the best way is somehow to reduce the demand of illegal drugs, instead of reducing the supply.
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