One of the most enduring lessons of American history is that the banning of liquor sales and consumption (“the noble experiment”) was a colossal failure. Drinking didn’t go down much, but the profits ended up going not to legitimate businesses but bootleggers and the mob, while the murder rate soared to all-time highs in American history. It was the policy that made America’s most famous gangster, Al Capone, famous — and rich.Read More