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    Macroeconomics: Should drugs be legalized in America?

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    From a macroeconomic standpoint, should all drugs be legalized in America?

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    From a purely macroeconomics standpoint, yes, all drugs should be legalized.

    Unreported transactions, such as the black market trade in drugs, are not included in a country's Gross Domestic Product (GDP). If drugs were legalized then transactions involving them would have to be reported, and America's GDP would immediately ...

    Solution Summary

    This solution uses detailed macroeconomic arguments to explain why all drugs should or should not be legalized in America.