December 4, 2008 (LPAC)--The latest salvo from the dope legalization stable of George Soros is a new study coming out of Harvard University--surprise!--proclaiming that federal, state and local budget deficits can make tons of money, $76.8 billion a year, by legalizing the production and consumption of all drugs.

That's right: legalizing production. Call it by its right name: legalizing drug-trafficking, just as it was in the heyday of the British Empire.

The study was released yesterday in Washington, D.C. by one of the many Soros drug legalization fronts, Law Enforcement Against Prohibition (LEAP); written by another recipient of Soros largesse, Prof. Jeffrey Miron, Director of Undergraduate Studies at Harvard University's Department of Economics; and publicized by the Baltimore Sun's resident Soros sycophant, Dan Rodricks, who titled his column "Legalize Drugs, Gain $77 Billion."

Using dubious statistical games, Harvard's Miron comes to the conclusion that the United States could "save" $44.1 billion by ending law enforcement against the drug trade, plus "produce tax revenue from the legal production and sale of drugs." Miron assumes that if production and sale of drugs were taxed at rates comparable to those on alcohol and tobacco, the federal, state and local governments could "generate tax revenue of roughly $32.7 billion annually." He specifies: "Approximately $6.7 billion of this revenue would result from legalization of marijuana, $22.5 billion from legalization of cocaine and heroin, and $3.5 billion from legalization of all other drugs."

That estimate is based on the assumption that drug consumption --never mind production-- would not rise, an assumption which Soros lackey Miron coyly acknowledges that "likely errs in the direction of understating the tax revenue from legalized drugs, since the penalties for possession potentially deter some persons from consuming."

Miron has been campaigning for free drug use for close to two decades, and was paid by Soros's Open Society Institute in 2000 to estimate the cost of enforcing anti-drug laws. In 2005, he issued a similarly bogus "study" on the "Budgetary Implications of Marijuana Prohibition in the United States," which Soros's team used to line up 500 so-called economists, led by Milton Friedman, to endorse their call for the legalization of marijuana, based on money-based, "cost-benefit" criteria.

As for Harvard students, well...they have voted Miron on the Senior class list of Favorite Teachers at Harvard from 2006-2008. How much dope are Harvard economics students using to dumb their minds down sufficiently to tolerate such crap?