Live beginning at 7 00 a. M. Eastern. Join the discussion. [inaudible] [inaudible] not on. Good afternoon. Im the policy analyst on latin america. At catos center for global liberty and prosperity. Not long ago was in each policy issue lead among others by few libertarians and the editors of the economist. Naturally briefly they polish this article. The recent horrors of the wine drugs in mexico and Central America have increase Peoples Awareness of the failure of prohibition. And the need to tackle the socalled drug problem using a different approach then street law enforcement. They argue that Economic Perspective of the issue can best help us to understand how the drug industry works and whats wrong with current policies. It was, after all of freemarket economies from the university of chicago such as friedman and baker, using supply and demand who pointed out the opportunity prohibition. This approach was echoed by none other than one of Latin Americans renowned drug warriors, to a
It was after all leaving for more because the university of chicago such as noble laureates Milton Friedman using simple rules of supply and demand who most forcefully pointed out the fragility of prohibition. This approach was ago by none other than one of latin americas most renowned and into his recent drug warriors, former mexican president Lupe Calderon took he acknowledged the failure of his own drug policies. The end of the term in 2012 he told the wall street journal the following, if the price of drugs goes up thanks largely to interdiction efforts and that demand is the same you will increased profits for your putting more incentives for participants in the market. He went on to say that it is clearly a textbook case for Economic System which is the more successful you are, the more criminals you are creating. This is precisely what the world drugs have been doing for over 40 years. Tom wainwright writes prohibition has driven up the price of a few cheap and cultural commodit
I made at. Last night director dennis with a central bank and major victory of the world and peered is also a member of some of the Worlds Largest corporations and philanthropic organizations. He holds a master phd. [applause] thank you very much. I read almost everything that is published on the subject of trafficking in Illicit Trafficking of all kinds and drugs. I have to tell you this is one of the best books i have read in years and i strongly recommend it. First because it breaks one of the patterns those that know dont write books and those that write very often dont know what theyre talking about. As a reporter and a thinker and that is a very rare combination of thinkers to stay at home and meditate and reporters go in reporting that they did he does more than that. He reports, observes, collects data and then he is enabled to put it in a context that has a framework that is larger than just reporting. The other thing that makes this book unique is that the debate about drugs
Which is above normal for this time of the year. It only gets warmer as we go to the end of the week and the weekend. Well talk about that next in your accuweather sevenday forecast. Heather orourke is looking at your commute. Were going to talk about the g trains. We have some Police Activity at nassau avenue. You can expect delays both directions if you normally take the g trains. We also have the l. I. E. Going east right near that is a disabled vehicle that is being cleared, and then going on to 64th and 63rd streets theyre closed between 1st and 2nd. 1st avenue closed between 62nd and 64th. Dray clark is on the scene. Hell come up with more information on that. Closures offense east side are causing delays to and from the ed koch 59th street bridge. Lets take a look at a webcam. Ill show you the delays as you come inbound on that lower level. We have our street cleaning rules suspended. But the metered rules are in effect. Thank you. Its 6 01. Breaking news in queens. Weve learned
We look at the dollar index. September 4, the last time this high for the dollar index, which brings us to the point. Nothing is really happening across the equity markets. We are seeing more more action than we are used to seeing. And we will get details on this trading. With the exception of malaysia equity index futures. This is what the markets, they were flat. And put everything together, were not doing much. Now, here, dollar index, big spike, 8254. Earliest. Jackson hole and the key was jobs. And on the on the other hand, and d. O. J. E. C. B. And a lot of money going into the u. S. Dollar and pushing down. Where are we now . Lowest level or weakest level since january going all the way back there. And tried to make it clear. One point this morning, 10450. And pairing back some of those gains. 10417. Euro, we are seeing a lot of moves. Trading 132. 132 for the first time and let me get you that exact figure. First time in 12 months and Inflation Expectations are down. And and st