Published at LXer:
LXer Day Desk: 11-27-2005Prohibition of alcohol (1920-33) in the US failed. People thought it would reduce crime and corruption, solve social problems, reduce the tax burden created by prisons and ghettos, improve health and hygiene. It was a miserable failure on all counts. It affirms the economic theory, which predicts that prevention of mutually beneficial exchanges fails.
Read More...