Black Quote by Robert Anton Wilson
“I have read a great deal of economic theory for over 50 years now, but have found only one economic "law" to which I can find NO exceptions: Where the State prevents a free market, by banning any form of goods or services, consumer demand will create a black market for those goods or services, at vastly higher prices. Can YOU think of a single exception to this law?”
About This Quote
State bans create unmet demand, leading to illicit markets at higher prices.
In simple terms: Bans cause black markets.
Key Takeaway
Avoid prohibitions that ignore demand.
Themes
economics
policy
market dynamics
Mood
critical
inquisitive
Type
philosophical
analytical
When to use this quote
- drug prohibition
- price controls
- trade restrictions
- copyright enforcement
Key Concepts
supply and demand
regulation
informal economies
Questions to Reflect On
- Are there cases where bans reduce demand?
- What alternatives can satisfy demand legally?
A Different Perspective
Some black markets arise from cultural or ethical prohibitions, not just bans.
