Source: Adam Smith Institute
by Tim Worstall
“Some say that economics is not a predictive science. We say ‘Pish’ to that idea, even ‘Pfft,’ and here is a prediction from economics: ‘The Conservatives are planning to introduce ‘ration cards’ to prevent thousands of criminals from spending their benefits on alcohol and gambling. The party wants to reduce Britain’s ballooning welfare bill by issuing criminal claimants with cards that severely limit what their money can be spent on.’ It will take some sub-triple digit number of hours for a black market to appear and given modern social media some sub-double digit number of weeks for it to be a commonplace across the country. There will be a trade of this restricted money for the unlimited ration coupons known as cash money. Further, we’d predict that the unlimited form will be worth more than the limited.” (06/02/26)
https://www.adamsmith.org/blog/we-predict-a-black-market-arriving-in-321