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Paul Craig Roberts
Institute for Political Economy
Statistical Deceptions
Last week on NPR a professor in the Sloan School of Management at MIT explained that what is really at stake in the health care bill is the US government’s ability to borrow. In other words, the bill is about cutting health care costs, not about providing hard-pressed Americans with health care. The professor said that if we didn’t get…
Read more »In An Impotent World Even The Bankrupt Can Prevail
When Japan attacked Pearl Harbor, Japan did not spend years preparing her public case and demonstrating her deployment of forces for the attack. Japan did not make a world issue out of her view that the US was denying Japan her role in the Pacific by hindering Japan’s access to raw materials and energy. Similarly, when Hitler attacked Russia, he…
Read more »Obama Helps Banksters Loot American Economy
There is no economy left to recover. The US manufacturing economy was lost to offshoring and free trade ideology. It was replaced by a mythical “New Economy.” The “New Economy” was based on services. Its artificial life was fed by the Federal Reserve’s artificially low interest rates, which produced a real estate bubble, and by “free market” financial deregulation, which…
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The Big Whorehouse On The Potomac
As Americans celebrate July 4th, they can contemplate that the union of “free and independent states,” like the former British colonial power, has evolved into its final manifestation–a complete whore house. While Members of Parliament in London charge their expense accounts with every personal expenditure, including the rental of adult xxx-rated films, an American newspaper put the reporting of public…
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