Common Sense for Drug Policy - Link to home page


Monday, December 11, 2017
Search using CSDP's own search tool or use
Google

WWW Common Sense


Home page

About CSDP

PSA Campaign


Check out these other CSDP news pages:
Afghanistan
AIDS
Anti-Drug Media Campaign
Asia and the US Drug War
Bolivia
Bush's Cabinet
Burma
Canada
Chronic Pain Management
Colombia
Communities Against the Drug War
Conferences & Events
Corruption
DARE Admits Failure
Drug Control Alternatives
Ecstasy
Families Targeted by Drug War
Federal Drug Control Strategy
Hemp News
Heroin & Heroin Addiction Treatment
Higher Education Act (HEA) Reform
Initiatives
International Reform
Laos
Mandatory Minimums
Marijuana
Medical Marijuana
Methamphetamines
Mexico
Narco-Funded Terrorism
New Mexico
Nixon
New York
ONDCP
OxyContin
Pain Management
Peru
Police Shootings & Botched Raids
Prop 36
Racial Profiling
Recommended Reading
Research News
South America
Thailand
Treatment Alternatives to Incarceration
Tulia
United Kingdom Moves Toward Reform
United Nations: News and Reports


Drug War Facts

Research Archive

Coalition for Medical Marijuana

Managing Chronic Pain

Drug War Distortions

Safety First

Get Active!

Drug Truth Network

Links

Drug Strategy

Drugs and Terror

Recommended Reading

Site Map



link to 
Drug War Facts - page opens in new window
Addict 
in the Family

Online Drug Library

Research Resources

Contact Common Sense


Back to Community news blog
Home page

Not Your Typical Essay Contest: 3 Pages On Cash, Drugs, Crime

Minneapolis Star Tribune, Oct. 22, 2005

by Steve Brandt, Star Tribune

Some may see a drug deal and think crime and punishment.

The Minneapolis Fed is hoping that high school students will think cost-benefit ratio, black markets and marginal analysis.

For its 18th annual essay contest, the Federal Reserve Bank of Minneapolis is getting a little more provocative than such past topics as the floating exchange rate system and targeted incentives to businesses. Now it wants three pages from students residing in its district on the economics of illegal drugs.

Its website bears a photo -- purchased from an image bank -- of a protypical drug exchange of goods for cash.

The idea actually bubbled up from high school economics teachers, according to Joe Mahon, a writer-analyst at the bank. "This is something teachers at the high school level have often used to generate discussion," he said, adding that a leading college introductory economics text also contains a sidebar on the topic.

Other Fed districts are getting creative in their essay topics. St. Louis this year is asking students to write about the economic principles in a novel of their choice. Cleveland has taken the same approach with a favorite movie, song or fable.

The Minneapolis bank's website contains a primer on the drug trade and some economic principles for students to keep in mind. These tips touch on such topics as the effect of the drug trade on families and innocent bystanders (negative externalities) and turf wars among gangs (property rights). Students are encouraged to consider whether supply interdiction or demand reduction is more rational economic behavior.

The bank hopes this year's topic will draw more entries than the several dozen received one year, when the bank asked students to comment on the Fed's role in moving funds, payments and money among the nation's financial institutions. Last year's topic on why some nations are rich and others poor drew a record of about 300 entries.

The contest is open to juniors and seniors in the Minneapolis Federal Reserve district, which stretches from Montana to the Upper Peninsula of Michigan. Top essayists win savings bonds. For contest rules, go to www.startribune.com/462.


Save This Page to del.icio.us

Home Drug War Facts Public Service
Advertisements
Managing Chronic Pain
Get Active About Common Sense Addict In
The Family
Effective Drug
Control Strategy
Drug War Distortions Recommended
Reading

copyright © 2000-2007, Common Sense for Drug Policy
Kevin B. Zeese, President -- Mike Gray, Chairman -- Robert E. Field, Co-Chairman -- Melvin R. Allen, Board Member -- Doug McVay, Director of Research & Editor
1377-C Spencer Ave., Lancaster, PA 17603
tel 717-299-0600 - fax 717-393-4953
Updated: Monday, October 24, 2005   ~   Accessed: 5388 times
Email us