Fix The Flaw In The Freedom Index
By: Paul Craig Roberts|27 January, 2004|Categories: Articles & Columns|Tags: cotton plantations . definition of freedom . heritage foundation . index of economic freedom . marketable skills . Wall Street Journal
The Heritage Foundation and Wall Street Journal’s tenth annual Index of Economic Freedom pulls the wool over our eyes. The deception is unintentional and arises from a fatal flaw in the index. The index delivers the comforting conclusion that the US is the 10th most free country, far ahead of 155th ranked North Korea. However, the index ignores the simple…
Read more »Martin Luther King Day: The Rise Of The New Feudalism
By: Paul Craig Roberts|18 January, 2004|Categories: Articles & Columns
As time passes, the controversy once associated with Martin Luther King Day fades. People who remember the controversy die, and new generations are only thankful for the three-day holiday. Eventually, people may forget why the holiday is celebrated. King was a brave and courageous person. I agree with him that a person should be judged by the content of his…
Read more »The Jobs Problem
By: Paul Craig Roberts|13 January, 2004|Categories: Articles & Columns|Tags: economic recovery . interest rates . manufacturing sector . monetary and fiscal policy . poor performance . private sector
The current economic recovery has not been good for employment. Despite 25 months of “recovery,” the economy has 2,944,000 fewer private sector jobs than in January 2001. American manufacturing has experienced the largest job loss, with 2,559,000 fewer jobs today than 35 months ago when President Bush took office. These figures include the losses of the 2001 recession. The really…
Read more »A Recipe For Tyranny
By: Paul Craig Roberts|02 January, 2004|Categories: Articles & Columns|Tags: Recipe . Tyranny