The Fed (and Central Planning) Are Fueling Substance Abuse

by Doug French
Mises.org

Karl Marx’s Communist Manifesto, included ten planks required to create a socialist dictatorship. Number five on the list is “Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly.” America’s Federal Reserve satisfies this requirement, especially the modern version, which grows exponentially in size, scope, and power, engineering financial repression “for governments to increase tax income and domestically-held debt.”1

While socialism continues to creep from university classrooms to replace once-upon-a-time laissez-faire in everyday America, opioid use has grown to be termed an epidemic.

Willie Giest sternly told Sunday morning viewers of his Sunday Today show that last year ninety-three thousand people had died of drug overdoses, a 30 percent increase from 2019. He went on to say the biggest killer was a synthetic opioid called fentanyl.

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