I smoke pot, and I like it

Will Wilkinson on the issues surrounding the legalization — and taxation — of marijuana

"The answer is no, I don't think that is a good strategy to grow our economy." President Obama said it with a chuckle last week at a town hall-style forum. The idea was for Obama to answer some questions about the economy submitted to the White House website. The most popular ones all had something to do with the virtues of legalizing and taxing marijuana. “I don’t know what this says about the online audience,” Obama joshed, and the good Americans assembled at the forum shared a little laugh. What does it say about the online audience? Maybe it says that advocates of marijuana legalization have hope that a president who once inhaled will, even in the middle of a recession, devote some attention to our country's disastrous drug policies.

Have you heard of Santiago Meza Lopez? They call him “The Soupmaker.” In January he confessed to Mexican authorities that he had dissolved over 300 dead human bodies in acid. There’s a lot of money to be made in America’s black market for drugs and Mexican suppliers are willing to kill a lot of people to control those markets and capture the gains. Conservative estimates put the death toll of the war between rival Mexican gangs at over 5,000 in the last year alone. When you kill so many people it’s hard to know what to do with all of the rotting bodies. One way to handle the problem is to call in the Soupmaker. Six hundred American dollars per corpse.

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Will Wilkinson is a research fellow at the Cato Institute and editor of Cato Unbound. He writes on topics ranging from Social Security reform, happiness and public policy, economic inequality, and the political implications of new research in psychology and economics. He is a regular commentator on public radio's Marketplace and his writing has appeared in The Economist, Reason, Forbes, Slate, Policy, Prospect, and many other publications.