Doug Casey on Magic Mushrooms

Doug Casey on Magic Mushrooms – Casey Research

Justin’s note: First legal marijuana… now legal “magic mushrooms?”

It sounds like a pipe dream. But Oregon and Denver are considering decriminalizing psilocybin, the psychoactive compound in “magic mushrooms.”

Not only that, the Food and Drug Administration (FDA) recently designated “Breakthrough Therapy” status to a psilocybin-based drug designed to treat clinical depression.

In short, the chances of psilocybin becoming legal at some level just skyrocketed.

It’s hard to believe, even for a libertarian like myself. As for Casey Research founder Doug Casey? Well, he called the news “exciting” in a private email. So I got him on the phone to learn why…

Justin: Doug, you’ve been a critic of the drug war for decades now. But are you surprised by this news? After all, I think most people can agree that psilocybin is a far more powerful substance than marijuana…

Doug: I’m not sure powerful is the right word. The effects are just different, and the effects differ greatly with the amount you take. And even the environment you take them in.

The fact there’s been a world-wide, anti-drug hysteria for well over 50 years speaks very poorly of the average human in general, and Americans in particular.

Mind-altering substances have been part of the human experience since Day One. It’s only recently that the U.S., perhaps because of its puritanical roots, started criminalizing everything. It turned practices that were, at most, bad habits or nuisances, into major felonies.

We all read fairy tales when we were kids. You’d often see illustrations of mushrooms in these books, specifically the big red mushrooms with white spots on them. They’re called Amanita muscaria. They occurred in a lot of European fairy tales because people found the mushrooms could expand their consciousness.

Few people now know that there are a variety of psychedelic mushrooms, growing wild throughout most of the northern hemisphere. They can be found in the woods around Aspen, for instance. You can pick them, and dry them to increase their potency. If you eat one before bedtime it gives you a pleasant drowsiness – a good time to read a fairy tale that was likely composed under their influence. Eat three and you’ll feel sick. Eat a dozen and you may have a one-way trip to the hospital.

They’re interesting, just like scores of other plants commonly used in similar ways around the world for many thousands of years. Of course, there’s some risk to wandering in the woods and eating something that doesn’t come in a plastic wrapping. You need to know what you’re doing. That’s true of any plant, aside from the ones you’d find at your local Whole Foods.

But it’s insane for the busybodies who populate the U.S. government to put their fellow citizens – or subjects – in cages for decades because they want to imbibe certain plants.

It’s not a technical or health issue. It’s a moral issue. Who owns your body? You, or some bureaucrat?

Justin: What does the decision by the FDA say about the future of drug laws in the United States?

Doug: There’s no question that the cat is out of the bag now. And we’re headed toward more intelligent drug laws. Which is to say, hopefully, the legalization – or at least the decriminalization – of everything.

These fools learned absolutely nothing from the Prohibition of alcohol during the ’20s. Alcohol was no more of a problem then than it is today. The crime and the violence, and the rise of the Mafia, was strictly because booze was made illegal. It’s the same with drugs today.

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Doug Casey

For over a quarter of a century, legendary investor and best-selling author Doug Casey and his team at Casey Research have been helping self-directed investors to earn superior returns through innovative investment research designed to take advantage of market dislocations..