Washington and Lee Law Review Volume 69 | Issue 2 Article 11 Spring 3-1-2012 Drug Markets, Fringe Markets, and the Lessons of Hamsterdam Lance McMillian Follow this and additional works at: https://scholarlycommons.law.wlu.edu/wlulr Part of the Commercial Law Commons Recommended Citation Lance McMillian, Drug Markets, Fringe Markets, and the Lessons of Hamsterdam, 69 Wash. & Lee L. Rev. 849 (2012), https://scholarlycommons.law.wlu.edu/wlulr/vol69/iss2/11 This Article is brought to you for free and open access by the Washington and Lee Law Review at Washington & Lee University School of Law Scholarly Commons. It has been accepted for inclusion in Washington and Lee Law Review by an authorized editor of Washington & Lee University School of Law Scholarly Commons. For more information, please contact
[email protected]. Drug Markets, Fringe Markets, and the Lessons of Hamsterdam Lance McMillian* Abstract The Wire is the greatest television series of all-time. Not only that, it is the most important. One of the most memorable story arcs from The Wire’s five seasons is the rise and fall of Hamsterdam—a quasi-legalized drug zone in West Baltimore. Stories are powerful teaching tools because they marry information and context. By seeing how the application of law affects characters we know and care about, we become more attune to the potential effects of legal decisions in the real world. The story of Hamsterdam—which is essentially an attempt to transform a black market into a fringe market—presents just such an opportunity. When considering the various dimensions of the fringe economy, life in Hamsterdam imparts three critical insights: (1) Markets arise wherever there exists market demand.