There's a great book called the happiness hypothesis. It explores the use of medication, religion, and meditation and how they can all get us to the same place. For some people, medication works. But I too think it just masks the symptoms and we need to heal from within. I would like to say that perhaps medication could aid in perspective change temporarily rather than permanent mood stabilization. Psilocybin appears to have an affect on depression and hospice patients: https://www.pri.org/stories/2014-11-27/could-magic-mushrooms-become-new-drug-hospice-care
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I would agree that psychedelics are of great potential value (according to recent research as well as shamanic tradition) but like any drug they are unlikely to work on their own and most people involved in such studies often receive some form of psychotherapy at the same time. In a sense that is more consistent with shamanic practices too.