Bob first reviews the standard libertarian case for legalizing drugs as the way to neutralize the Mexican drug cartels. Then he plays a recent clip where Dave Smith argues that drug prohibition leads to violence because (among other factors) you can't call the cops if someone steals your product. Bob argues that libertarians should stop making this (invalid) argument.

Bob's Lessons for the Young Economist: https://Mises.org/HAP490a
Part of the Problem Episode 1233: https://Mises.org/HAP490b