Gambling is the classic example of economic irrationality. Worse, it has enormous externalities due to crime, family relationships and neglect of other responsibilities. The best solution may be the Public Health Approach.
- Public Health Approach (21 links)
- The public health approach treats problems (such as infectious diseases, addictive drugs, gambling, crime, extramarital sex, pollution and other environmental problems) with harm reduction, rather than simple moral judgements or prohibition. Libertarians still oppose it because it is a successful government social program and an alternative to their radicalism.
- Gaming the Poor
- "Examining 15 types of legal gambling, the researchers came to a striking conclusion: Casino gambling had by far the most harmful effects on people at the lower end of the income ladder."
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