This past month I had the great privilege of attending the Ludwig von Mises Institute‘s summer program, Mises University. The week-long seminar in Austrian economics featured some of the best minds in free market academia and the most dedicated proponents of individual liberty. Among the lectures was “The Economics of the Drug War,” taught by Mark Thornton.
Primarily a course on the economics of prohibition, he spent some time on the recent efforts of state nullification via medical marijuana, and on the recreational use of pot in Colorado and Washington last year. Dr. Thornton explains not only the method by which state legislatures refuse to comply with unconstitutional and inhuman federal meddling, but he also covers the ways an individual can exercise restraint on federal overreach through jury nullification.