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ciphergoth comments on Why *I* fail to act rationally - Less Wrong
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Yes!
It's the only empirically-effective talking therapy there is.
Depending on how the standards are set, it's also the only effective psychiatric intervention, period. Manipulating symptoms is nice but not nearly enough.
The research shows that not all of the efficacy of the drugs is down to the placebo effect.
Certainly drugs have effects. Whether the effects of the drugs are really a help is questionable.
There are a few conditions that people usually just can't cope with without drugs, even though the drugs have serious downsides. Lithium is a godsend for manic depression, despite it being quite dangerous - but considering how effectively repeatedly cycling is for people's lives, it's worth the risk.