Panzaru: If you raise taxes too much, you don’t get less smoking

In this episode of CEA Talk, Dr. Emil Panzaru, political analyst and tobacco regulation expert, discusses the European Commission’s approach to taxing tobacco and vaping products. He dives into the unintended consequences of taxation, such as the growth of illicit markets, and reflects on what smarter regulation could look like. A critical look at public health, policy design, and the limits of prohibition.