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Milton Friedman, 500+ Economists Call for Marijuana Regulation Debate;

In a report released today, Dr. Jeffrey Miron, visiting professor of economics at Harvard University, estimates that replacing marijuana prohibition with a system of taxation and regulation similar to that used for alcoholic beverages would produce combined savings and tax revenues of between $10 billion and $14 billion per year. In response, a group of more than 500 distinguished economists -- led by Nobel Prize-winner Dr. Milton Friedman -- released an open letter to President Bush and other public officials calling for "an open and honest debate about marijuana

http://prohibitioncosts.org/