Friday, 10 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > EconLog Price Theory: Fentanyl – Econlib
Economy

EconLog Price Theory: Fentanyl – Econlib

Last updated: July 29, 2025 12:05 pm
Share
EconLog Price Theory: Fentanyl – Econlib
SHARE

We’re reviving the conversation around price theory with our engaging series on related problems, hosted by Professor Bryan Cutsinger. To explore all of Cutsinger’s insights, consider subscribing to his EconLog RSS feed.

We encourage you to share your insights and proposed solutions in the Comments section. Professor Cutsinger will be actively engaging there for the next couple of weeks, and we’ll publish his solutions shortly thereafter. May your analytical prowess shine, and may price theory flourish!

Question: Imagine a scenario where the demand for fentanyl is perfectly inelastic, meaning users will buy it regardless of price fluctuations. If these users resort to stealing to finance their habit, what happens when the government steps in with stricter penalties for suppliers, effectively shrinking the supply of this drug? How does this policy impact the level of theft among fentanyl users?

“`

### Analysis:

**Thesis:** The proposed government policy of imposing harsher penalties on fentanyl suppliers is intended to reduce drug availability, but it raises significant questions about its effectiveness in curbing theft among users.

**Argument:** When examining the dynamics of a perfectly inelastic demand for a product like fentanyl, we must recognize that users will go to extreme lengths to obtain it, including theft. The government’s strategy to reduce supply through penalties may seem logical at first glance, akin to cutting the head off a hydra—only to have two more sprout in its place.

As the supply diminishes, if demand remains unchanged, the price of fentanyl may actually increase, leading users to steal even more to satisfy their unyielding demand. This is reminiscent of the Prohibition era in the United States, where restricting the supply of alcohol led to an increase in illicit activities, rather than a decrease.

See also  Oregon woman is ‘trying very hard’ to be able to retire by 80 — but Dave Ramsey says her plan needs rethinking

Furthermore, the act of stealing may not just increase in frequency, but could also escalate in severity as desperate users seek larger sums to afford their now-costlier habit. The irony here is palpable: in an effort to combat drug use, the government might inadvertently contribute to a rise in crime, making communities less safe.

**Conclusion:** In essence, while the intention behind stricter penalties is to mitigate drug use and its associated societal harms, the law of unintended consequences may prevail. The government must carefully consider the complexities of demand elasticity and the behaviors it might inadvertently provoke. A more nuanced approach that addresses the root causes of addiction, rather than merely regulating supply, could be a more effective pathway to reducing both drug use and crime.

TAGGED:EconlibEconLogfentanylPriceTheory
Share This Article
Twitter Email Copy Link Print
Previous Article Tom Lee’s Granny Shots ETF rakes in  billion in AUM just 9 months after inception Tom Lee’s Granny Shots ETF rakes in $2 billion in AUM just 9 months after inception
Next Article Guns, kilos of cocaine, and 0,000 cash seized from Loop apartment, feds say Guns, kilos of cocaine, and $400,000 cash seized from Loop apartment, feds say
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Life expectancy of Native Americans, Alaska Natives adjusted lower

American Indians and Alaska Natives in the United States have a life expectancy that is…

June 18, 2025

Salesforce launches Agentforce 2dx, letting AI run autonomously across enterprise systems

Stay up to date with the latest industry-leading AI coverage by subscribing to our daily…

March 5, 2025

Giannis Antetokounmpo and Tyrese Haliburton’s Dad’s Fight Explained

The father of Indiana Pacers star Tyrese Haliburton found himself in hot water after a…

April 30, 2025

Lady Gaga Responds to Ex-Classmates’ Viral Facebook Group About Her

Lady Gaga has recently come out with a classy response after a TikTok post showcasing…

September 13, 2024

Hochul tells Dems to play dirty

With help from Amira McKee GOVERNOR HOCHUL’S GERRYMANDERING GAMBOL YOU STARTED IT: It seems Governor…

August 4, 2025

You Might Also Like

Adidas to Enter Safety Footwear in 2026 With New ‘Pro Work’ Line
Economy

Adidas to Enter Safety Footwear in 2026 With New ‘Pro Work’ Line

October 10, 2025
Elon Musk and former Twitter execs agree to settle 8 million lawsuit
Economy

Elon Musk and former Twitter execs agree to settle $128 million lawsuit

October 10, 2025
Should You Buy Novartis Stock Before October 28?
Economy

Should You Buy Novartis Stock Before October 28?

October 10, 2025
I’m a Financial Advisor: People Always Regret Doing These 5 Things With Their Roth IRA
Economy

I’m a Financial Advisor: People Always Regret Doing These 5 Things With Their Roth IRA

October 10, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?