just procrastinating

Monday, August 30, 2004

I admire George Soros for 2 things. He made a bunch of money for his clients (and himself) and he wants to end the war on drugs. Other than that, I think he is a bit looney, but when you have that kind of cash, you can pretty much do whatever you want.Here Jesse Walker of Reason rips apart Dennis Hastert on George Soros, who should know better:
On "Fox News Sunday," the Illinois Republican insinuated that billionaire financier George Soros, who's funding an independent media campaign to dislodge President Bush, is getting his big bucks from shady sources. "You know, I don't know where George Soros gets his money. I don't know where -- if it comes overseas or from drug groups or where it comes from," Hastert mused. An astonished Chris Wallace asked: "Excuse me?" The Speaker went on: "Well, that's what he's been for a number years -- George Soros has been for legalizing drugs in this country. So, I mean, he's got a lot of ancillary interests out there." Wallace: "You think he may be getting money from the drug cartel?" Hastert: "I'm saying I don't know where groups -- could be people who support this type of thing. I'm saying we don't know."

(Jesse Walker:) In addition to being baseless, Hastert's accusation doesn't even make sense. Drug prohibition acts as a price support and a barrier to entry; it helps the cartels maintain their market position. They're about as likely to fund a legalization campaign as they are to give Denny Hastert an all-expenses-paid vacation in Bermuda or -- as long as we're throwing around groundless insinuations -- a free sex tour in Thailand.
Exactly. No one wants drugs to be illegal more than the drug cartels. I mean sure, there are the risks of going to jail, but there is no money to be made if the stuff is legal.

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