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Paul Craig Roberts
Institute for Political Economy
Has Deregulation Sired Fascism?
Remember the good old days when the economic threat was mere recession? The Federal Reserve would encourage the economy with low interest rates until the economy overheated. Prices would rise, and unions would strike for higher benefits. Then the Fed would put on the brakes by raising interest rates. Money supply growth would fall. Inventories would grow, and layoffs would…
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US Economy: Rudderless and Reeling From Direct Hits
We were promised a “New Economy” of high-tech tradable services to take the place of the offshored manufacturing economy. Wondering what had become of the
Read more »U.S. Economy—Temporary Respite, Permanent Decline
Americans were alarmed last June as the price of oil raced toward $150 per barrel. Today, as the price falls toward $100, Americans feel relieved. They have forgotten that prior to the Bush regime’s wars, the price of oil was $30 per barrel. Similarly with the dollar. Despair ruled as the dollar fell to 1.6 to 1 euro. Now with…
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