Gun BuyBack Flop

In what can only be called classic liberalism, a city buys back cheap guns to create more security, and gun dealers profit. That's called capitalism.

clipped from www.marginalrevolution.com Gun Buyback Misfires Imagine that instead of guns, the Oakland police decided, for whatever strange reason, to buy back sneakers. The idea of a gun buyback is to reduce the supply of guns in Oakland. Do you think that a sneaker buyback program would reduce the number of people wearing sneakers in Oakland? Of course not. All that would happen is that people would reach into the back of their closet and sell the police a bunch of old, tired, stinky sneakers. Gun buybacks won't reduce the number of guns in Oakland. In fact, buybacks may increase the number of guns in Oakland. Oakland's recent gun buyback was especially ridiculous.  The police offered up to $250 for a gun "no questions asked, no ID required."  The first people in line?  Two gun dealers from Reno with 60 cheap handguns.  Fortunately the buyback did manage to get some guns off the street, too bad they were turned in by a bunch of senior citizens from an assisted living facility.