{"id":40213,"date":"2022-02-10T13:17:13","date_gmt":"2022-02-10T18:17:13","guid":{"rendered":"https:\/\/blogarchive.utc.edu\/news\/?p=40213"},"modified":"2023-08-31T12:01:03","modified_gmt":"2023-08-31T16:01:03","slug":"probasco-chair-lecture-series-kicks-off-with-talk-about-illicit-drug-markets","status":"publish","type":"post","link":"https:\/\/blogarchive.utc.edu\/news\/2022\/02\/probasco-chair-lecture-series-kicks-off-with-talk-about-illicit-drug-markets\/","title":{"rendered":"Probasco Chair lecture series kicks off with talk about illicit drug markets"},"content":{"rendered":"<div class=\"well span3 pull-right\">\n<p><strong>Mark Your Calendar<\/strong><\/p>\n<p>Next week, <strong>Jason Riley<\/strong> from the \u201cWall Street Journal will be guest speaker at the Burket Miller Distinguished Lecture Series kick-off at the University of Tennessee at Chattanooga.<\/p>\n<p>A well-known opinion columnist, he will discuss the life and work of economist <strong>Thomas Sowell.<\/strong> Riley will discuss how Sowell&#8217;s scholarship relates to ongoing debates about inequality, race, school choice and social justice.<\/p>\n<p>The lecture series is organized and supported by the Probasco Distinguished Chair of Free Enterprise at UTC.<\/p>\n<p><strong>When:\u00a0<\/strong> 5-6:30 p.m. Feb. 23, for presentation, 6:30-8:30 p.m. for book-signing\/reception<\/p>\n<p><strong>Where: <\/strong>UTC University Center, Chattanooga Room<\/p>\n<\/div>\n<p>The CDC issued a report in late 2021 declaring accidental fentanyl overdoses as the leading cause of death for Americans ages 18 to 45.<\/p>\n<p>It was widely reported in the news and further crystalized the country\u2019s problem with the powerful synthetic narcotic that\u2019s both shipped into the United States and increasingly cooked up in domestic makeshift labs.<\/p>\n<p>But the fentanyl statistic didn\u2019t surprise economist <a href=\"https:\/\/www.audreyredford.com\/\">Audrey Redford<\/a>, who kicked off the 2022 Scott L. Probasco Distinguished Chair of Free Enterprise lecture series at University of Tennessee at Chattanooga on Wednesday.<\/p>\n<p>For years, Redford has studied and tracked drug overdose deaths and the proliferation of fentanyl and other illicit drugs for <a href=\"https:\/\/www.ncbi.nlm.nih.gov\/pmc\/articles\/PMC8014743\/\">her research<\/a> on the unintended consequences of drug prohibition policies.<\/p>\n<p>\u201cIt\u2019s just sad. For the issue to have to reach this critical mass for people to pay attention is also sad,\u201d she told the audience in the Gary W. Rollins College of Business.<\/p>\n<p>\u201cIt\u2019s confounding. We\u2019re spending a lot of money and have well-intentioned people working on the problem, so why is it getting worse?\u201d she asked.<\/p>\n<p>An assistant professor of economics at Western Carolina University, Redford grew up discussing drugs at the dinner table with her mother, a substance abuse counselor and addiction program administrator.<\/p>\n<p>She said examining drug policy through the lens of economics removes many of the emotions and moral judgments often attached to discussions about the \u201cwar on drugs\u201d and the people involved, from lawmakers and law enforcement to addicts, drug dealers and Big Pharma.<\/p>\n<p>The current uptick in the use of fentanyl and heroin, she said, is connected to prohibition laws aimed at medical-grade oxycontin and oxycodone, the generic equivalent.<\/p>\n<p>\u201cIf we only think about the fact that there might be fewer people who are ever introduced to the drug, we can think about that in isolation and say that\u2019s a good thing.&#8221; she said. \u201cBut that must be weighed against the fact that the people previously using pharmaceutical-grade substances. Since they no longer have access to those drugs, where are they going to turn?\u201d<\/p>\n<p>Users are turning to heroin and fentanyl products because they\u2019re the closest equivalent and are still accessible, according to Redford, who said disrupting an illegal drug supply chain doesn\u2019t typically curb the habits of its users.<\/p>\n<p>Outlawing a drug typically makes it more expensive and leads suppliers to do things such as diluting or concentrating their product. In the case of fentanyl, all forms of which are synthetically produced from chemicals, producers will slightly alter compounds to make the drug technically legal while producing the same high.<\/p>\n<p>But as drugs morph in concert with changing laws, they tend to get worse. Redford has coined the term \u201cmalnovation,\u201d or bad innovation, to describe this effect.<\/p>\n<p>For fentanyl, minor alterations can drastically affect potency. One form of fentanyl is twice as powerful as morphine and another is 50 times as powerful. Many die instantly after using them.<\/p>\n<p>\u201cThere\u2019s a huge human cost to this,\u201d she said.<\/p>\n<p>In short, \u201cLaws to make things safer have a lot of perverse outcomes,\u201d she said. Disrupting supply chains of illicit drugs isn\u2019t eradicating their use, so \u201cmaybe we should try something else.\u201d<\/p>\n<p>\u201cOr perhaps, just to be provocative,\u201d she said. &#8220;The world would be a better place if you could buy heroin at Walmart.\u201d<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Drug laws may cause more problems than the ones they solve.<\/p>\n<p class=\"more-link-wrap\"><span><a class=\"more-link button text\" href=\"https:\/\/blogarchive.utc.edu\/news\/2022\/02\/probasco-chair-lecture-series-kicks-off-with-talk-about-illicit-drug-markets\/\"><span>Continue Reading <\/a><\/span><\/p>\n","protected":false},"author":1822,"featured_media":40201,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_ef_editorial_meta_date_first-draft-date":"","_ef_editorial_meta_paragraph_assignment":"","_ef_editorial_meta_checkbox_needs-photo":"","_ef_editorial_meta_number_word-count":"","_ef_editorial_meta_checkbox_slider":"","_ef_editorial_meta_checkbox_featurette":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10170,57,64,123207],"tags":[119191,4997],"class_list":{"0":"post-40213","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-college-of-business","8":"category-lectures-and-speakers","9":"category-news","10":"category-probasco-chair","11":"tag-audrey-redford","12":"tag-scott-l-probasco-jr-chair-of-free-enterprise","13":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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