Thoughts from The Bear on black markets and related topics:

Society should never intentionally create a black market. All black markets are a danger to the community due to the lack of controls and the high delivery fees that they force on the delivery system. Likewise there is a huge loss in revenue to the normal flow of commerce through the community. The amounts of money available leads to the inevitable corruption of all who attempt to interfere in the flow of goods in this black market. Black markets made fortunes to the entrepreneurs of the world wars. Tires, fuel and meat made fortunes for those who could divert supplies to their clients. Anything can be a black market. The only thing required is scarcity, or illegality, and a demand for the items.

…. The only real function of … drug prohibition is to create a black market trade, otherwise known as “money for nothing”.

[The Bear: Link]

Via EB — thanks.