NPR's 'Planet Money' Explores Drug Economics Through Former Dealer's Lens
Alex Bloomberg, host of NPR's 'Planet Money', delved into the economics of illegal drugs in a recent segment. Instead of consulting economists, he chose to interview a former L.A. drug dealer, 'Freeway' Rick Ross, to shed light on the topic. Bloomberg discovered Ross through online searches, including a documentary called 'American Drug War: The Last White Hope'. Ross, who operated in the 1980s, provided insights into the pricing mechanisms of illegal drugs. Ross confirmed that increased demand and decreased supply drive up prices in the illicit drug market. This echoes basic economic principles, but hearing it from a former dealer adds a unique perspective. Bloomberg's decision to interview Ross, rather than an economist, offers listeners a fresh take on the economics of illegal drugs. Alex Bloomberg's interview with 'Freeway' Rick Ross on NPR's 'Planet Money' offers a novel perspective on the economics of illegal drugs. Ross's firsthand experience sheds light on how supply and demand dynamics influence prices in the illicit drug market.
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