Yes. Rather than effectively circulate value around the community, to where it is most productive, it's being used to siphon value out of the community.

Consider one of the primary practices of colonialism was to make the colonized use the "coin of the realm." So any exchanges occurring could be effectively taxed.

If the analogy with the body, along with government being analogous to the central nervous system, were to be broadly understand, this process couldn't be concealed.