Moonshine Stimulus   3 comments

An anti-Prohibition parade float circa 1925.Link: http://www.npr.org/blogs/money/2010/08/03/128960709/the-tuesday-podcast

Summary: As part of a quest to prove whether President Roosevelt drank Moonshine at the White House, the Planet Money team discusses the history and economics of prohibition.

Original Air Date: August 3, 2010

Length 18:05

Main story content begins:  1:31

Discussion Prompt: Using what you know about elasticity and what you learned from this podcast, what would be your ‘economic expert’ opinion on a proposal to implement a tax specifically on the purchase of marijuana (similar to a tax specifically on alcohol) in the sates where marijuana sales are legal? Connect your economic opinion to details from the podcast. If you use outside information, provide at minimum links for citations.

Follow-up Prompt: A question to expand your application of elasticity ideas: If marijuana were legalized (and taxed), what other markets might be impacted (related goods)?  How might the legalization impact what goods consumers consider to be substitutes for marijuana? Do you think it would change?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: