Wednesday, August 13, 2014

Marc Faber: Legalize drugs to reduce its appeal

In general, I believe that any kind of drug should be legalized and there would be less crime and probably less usage. I'm all in favor of legalizing drugs because all I see, and I've looked at it very carefully when I was in Mexico – the drug business is so incredibly profitable that there is widespread corruption, at the CIA, at the FBI, at the police force, in the military, and that is not a very desirable outcome.

If it was legalized, we would have far less crime and far less corruption. It's like during the Prohibition time – alcohol consumption if anything rose and there was much more crime and much more corruption.