Pubdate: Fri, 17 Jul 2015 Source: Alaska Dispatch News (AK) Copyright: 2015 Alaska Dispatch Publishing Contact: http://www.adn.com/ Details: http://www.mapinc.org/media/18 Note: Anchorage Daily News until July '14 Author: Frank Cahill APPROACH TO HEROIN WRONGHEADED Basic economics says that limiting supply will drive up price. Presumably heroin deaths in Alaska are lower than they might be due to a high price for the drug caused by the limit on supply created by its illegality. But the "elasticity of demand" for an addictive substance is low; people will pay anything at all for it if they need it (note that bars do fine in tough economic times). We might question whether the high price actually promotes its use, since sellers are so motivated by the high profit margins that they not only risk long prison terms but will fight deadly battles to protect "market share" from other sellers. I recommend that policymakers and those who vote for them read "Chasing the Scream" by Johann Hari, a polemical history of drug laws in America and worldwide. - - Frank Cahill Anchorage - --- MAP posted-by: Jay Bergstrom