As are former Secretary of State George Schultz, William F. Buckley, New York Times columnist Tom Wicker, Nobel Prize-winning economist Milton Freidman and many others, I am for legalizing drugs. And taking the profit out of drug sales is the only way to begin the control of such sales.
However, the most compelling argument for legalization is not the economic argument. It happens to be the answer to Michael Schrage's second question: "Why government oversight of cocaine sales is morally superior to insisting that children get inoculated."
The logical answer is obvious to any clear-thinking freedom-lover: To insist that children get inoculated is a forced intrusion on the bodies of our citizens whereas government oversight of cocaine sales simply allows each individual the freedom to choose, the very basis for free Western democracies.