Cocaine, conifers and casinos

posted by
December 5, 2011
Adam Smith Institute
by Jan Boucek  
Posted in Commentary

"Police drug experts report that 11% of banknotes in circulation in Britain are contaminated with cocaine, up from 4% in 2005. Bank of England stats show there were a total of 28.4 billion £5, £10 and £20 notes floating around in 2005. That’s risen to 38.8 billion such notes in circulation now and means some 4.3 billion (yes, billion) notes are currently contaminated with cocaine, up from 1.1 billion in 2005. Lessons to be learnt? Cocaine consumption has quadrupled in six years and quantitative easing is more inflationary than previously believed. Or maybe there’s just a lot of dodgy statistics out there." (12/04/11)  

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