If Heroin, Acid, Mushrooms, Pot, Crystal Meth, PCP, Crack, Cocaine, Opium, Mescaline, and every kind of painkiller/pill could be bought for super cheap at your local 7-11 by anyone of any age (pure free market), would addictions to these drugs increase or decrease? Low paying agricultural jobs are added and some executives get super rich. Is this better or worse for the economy?

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Legalize, and you create new jobs

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You could also create new jobs by legalizing murder for hire.

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we're not paying as much to keep so many prisoners alive.

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This doesnt add to your argument, because likewise we could legalize drunk driving and not have to pay so much money to officers and lawyers and judges and jails that punish drunk drivers. That doesnt mean we should legalize drunk driving.