005: The Economics of Prohibition with Mark Thornton

Throughout human history, economics has played a major part in setting policy and inspiring actions of all kinds, including prohibitions - and few have a deeper understanding of prohibitions than Dr. Mark Thornton. Dr. Thornton is a Senior Fellow at the Mises Institute and an economist who's written and spoken extensively on the topic of prohibition. In addition to his work at Mises, Mark serves as the book review editor of the Quarterly Journal of Austrian Economics, and his own writings spans three decades, starting with The Economics of Prohibition and culminating in his recent book, The Skyscraper Curse: How Austrian Economists Predicted Every Major Economic Crisis of the Last Century. Today, Dr. Thornton joins the podcast to discuss why prohibitions never successfully squash demand for prohibited products, the common factors that both inspire prohibitions (and lead to their failure), and why he thinks we’re closer than ever to federal legalization.   Show Notes For complete show notes, including transcripts, takeaways, and links to all the resources mentioned, visit SoHoExp.com/05 To learn more about the podcast and get access to all episodes, visit: SoHoExp.com/GreenRepeal

Om Podcasten

Today’s Cannabis marketers are facing the same challenges faced by the alcohol industry in 1933 when prohibition was reversed — how do you successfully market a product and navigate an industry that is on the verge of becoming legalized on a federal level? Join alcohol beverage marketing experts and founders of SoHo Experiential, Rick Kiley and Jeff Boedges, as they interview economists, historians, entrepreneurs, legal experts, and more! Listen in as they track the path to a “Green Repeal”, through the lens of alcohol beverage professionals familiar with the trials and tribulations of marketing a “sin-dustry.” Through the podcast, listeners will get an excellent understanding of the Cannabis industry, how it will be governed, and how to successfully navigate the challenges of marketing a successful product in a heavily restricted industry.