Peter Schiff Interviewed by The Daily Bell

The Daily Bell
Sep. 07, 2014

"Personally, I think legalization of pot is a good trend. I wish they would legalize more drugs, not just state-by-state but on the federal level. I think the war on drugs has been a huge failure. As a result of the war on drugs, I think more people use drugs than would use them if we didn't have a war. But more importantly, we've driven up the price of drugs and therefore the profits for the criminals who deal in them. As a result our police are much more corrupt. We've helped to corrupt governments around the world with all the drug-related money. We have all sorts of violence and murders and robberies as competing gangs battle it out for turf and market share. We've destroyed the inner cities. We've imprisoned tremendous percentages of men in this country, particularly young African-American men or other minorities who are locked up because of the War on Drugs. And probably 90% of the robberies in America are committed by drug addicts who are only stealing to afford the drugs that would easily be affordable if they were legal."

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