Among the arguments for legalizing marijuana is that the black market for pot will disappear, thereby ending a destructive battle in the war on drugs and conserving valuable police resources. In Oregon, however, pot’s oversupply has delivered the opposite: a thriving underground market forcing legal growers to compete with cartels and illegal grow-ops, with everyone scrambling to move product in a saturated market. In City Journal, Steven Malanga examines some of the unintended consequences of Oregon’s liberalized pot laws. Should Canadian authorities expect the same?

Javier Milei Makes Fools of the “Experts”
As it began looking like Javier Milei might actually be elected President of Argentina, more than 100 leading international economists warned that this “far-right” political “wrecking ball” would “cause ‘devastation,’ spike inflation, expand poverty, and unemployment.” But as David Harsanyi relates in the Washington Examiner, Milei has tamed inflation, balanced the budget, shrunk the bureaucracy, deregulated the economy, driven down poverty and repaid billions in U.S. loans. And now, Harsanyi notes, Argentina is starting to boom.

