Between 1560 and 1630, the Great Witch Hunt raged in Europe, which resulted in 80,000 accusations and 40,000 deaths? Why did this phenomenon grip the continent? Two economists argue that the underlying reason was to gain more followers. This took place against the backdrop of the Protestant Reformation.
To bolster their point, the authors point out that from about 900 to 1400, the church didn’t want to acknowledge the existence of witches; and consequently, it didn’t try people for witchcraft. In 1258, Pope Alexander IV even prohibited the prosecution of witchcraft. Yet a few centuries later, the church reversed its decision. According to the economists, it was because of the Protestant Reformation.
Sounds suspiciously familiar to our own modern phenomenon of the “Drug War.”
In fact, 74 percent of “drug-related” crime was tied to the illegal drug trade. That is, it was the product not of drugs but of drug laws. That’s worth remembering as we consider possible solutions to today’s crisis.
Fascinating read on how narco-dollars are tied to the larger economy of the United States. Basically, given the amounts involved, there’s no way to launder the money without going through the stock market. The kicker is that if drugs were legalized, it would also purportedly cause a drop in investments.