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One of the main reasons the government wants to crack down on alcohol is because of the “scenes no civilized society can relish“, which is when people of the age of 18-24 go into town and run amok – causing definite damage to other people, in some way, or something. So they are introducing a […]
Because it makes you smarter: (Source Marginal Revolution) Note: I am joking, this is not causality. For one we don’t have a quantity measure of drinking, and the impact of drinking on intelligence is no doubt non-linear. In fact, you could make the argument that “smarter” people know how control their own alcohol consumption, and […]
Apologises in advance for this heavily value ladden post. I am touching on infinitely busy (again), I’m very tired, and I’ve been listening to “too much” Irish music. As a result, I’m posting what is in my head rather than proactively trying to find an economic issue to write “objectively” about – as this is […]
On Saturday I had an article in the Dom ranting about how harm minimisation was a dumb goal – as there are benefits from the consumption of drugs. This argument has been on the internet a million times (see these two searches for example), so there is no need to rehash it here. Originally, the […]
Hot off the press from NBER, I was particularily interested in one of the main conclusions from the abstract: Results from a rudimentary instrumental variables strategy and accounting for whether sex is immediately preceded by alcohol use suggest that binge drinking directly leads to risky sex. Some binge drinking-induced promiscuity seems to occur among students, […]
With alcohol regulation we decided to remember that it is the external cost that matters. Now one reason private costs might matter in terms of regulation is internalities. There is a discussion of this with regards to boozing here. This brings me to the idea of “addiction” I discovered from this article. What is addiction, […]