Price Theory Explains the Opiate Crisis

The American opioid epidemic reaches new highs every year. Last year, the number of Americans killed by overdosing on opiates surpassed the number of those killed during the duration of the Vietnam War. The proliferation of fentanyl – a synthetic opiate primarily used in medical care and in tranquilizing large animals – and years upon years of medical professionals prescribing opiate painkillers for everything from a debilitating injury to a stubbed toe take the spotlight for the recent spike.

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