AOL News has a new home! The Huffington Post.
Click here to visit the new home of Politics Daily!Hot on HuffPost:
Supreme Court To Decide Blockbuster Cases Soon
Controversial Book On Obama Appears To Have Lifted Key Quote
milton friedman
Save the Economy? Legalize Pot
By David Knowles - Politics DailyThat's the not-so-surprising conclusion reached not long ago by more than a few noted economists, Milton Friedman among them. In a letter to congress and the president, over 500 of the bean counters called for the federal government to decriminalize marijuana, cease the costly and ineffective prohibition of the drug, and regulate it the way we do alcohol. The report shows that marijuana legalization--replacing prohibition with a system of taxation and regulation--would save $7.7 billion per year in state and federal expenditures on prohibition enforcement and produce tax revenues of at least ...
Should We Nationalize U.S. Banks?
By David Knowles - Politics DailyThe nation's media is buzzing over remarks made by Republican Senator Lindsay Graham in which John McCain's right hand man signaled that nationalizing the nation's banks was an option that Congress should consider. Watch:Who else is advocating what appears, at first glance, to be this most antithetical to Republican principles idea of bank nationalization? The man who predicted our financial catastrophe in the first place, Nouriel Roublni. Writing in Forbes, he surveys our options, including what little we know of the Treasury's bank rescue, and concludes that our best bet is all out ...
Follow Politics Daily
POPULAR
- Nancy Pelosi Confirms House May Skip Up or Down Vote on Senate Health Bill
- Debrahlee Lorenzana: A Double Take on Those Double D's
- Palin Earnings Estimated at $12 Million
- Campbell Brown Quits CNN With Shockingly Frank Farewell
- The Five Most Racist Obama Cartoons?
- Soraya M., Stoned to Death for Being an "Inconvenient Wife''
- Jimmy Carter Leaves Church Over Treatment of Women
- No posts are available.
News From Our Partners
- Dragon arrives at space station in historic 1st
- Picking new leader, Egyptians search for superman
- Egyptians vote in first free presidential vote
- Moon chips from Vegas casino mogul sent to NASA
- Egyptians vote to rid nation of autocratic rule
- More Stories »
- Romneys Love Fancy World of Rarefied Sport
- Rudy Giuliani: Mitt's Great. I'm Just Better
- 'Masters of the Universe' Sure Have Fragile Egos
- Romney: My Mistakes 'Haunt Me'
- Newt Lauds Romney: He's Like Eisenhower
- More Stories »
- The 7 Best Moments from Sunday Talk
- Know Your Enemy
- Cannes’s Mischief Maker
- Cut It Out, Internet Bullies!
- Cut It Out, Internet Bullies!
- More Stories »
- Ambition Counteracting Ambition
- Robert Blagojevich Speaks Out
- In Iowa, Obama Calls Romney's Words 'A Cow Pie of Distortion'
- In Iowa, Obama Calls On Congress to Act on Clean Energy Tax Credits
- Romney Has Interesting Morning in Inner-City Philly
- More Stories »
Top News
More News
More on Aol
Local News
More Blog/Sites
Sites and Services
HuffPost Politics