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Paul Craig Roberts
Institute for Political Economy
The Road to Armageddon
The Washington Times is a newspaper that looks with favor upon the Bush/Cheney/Obama/neocon wars of aggression in the Middle East and favors making terrorists pay for 9/11. Therefore, I was surprised to learn on February 24 that the most popular story on the paper’s website for the past three days was the “Inside the Beltway” report, “Explosive News,” [By Jennifer…
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America's First Suicide Bomber
Joseph Stack, frustrated American, flew his airplane into an Austin, Texas, office building. He was one of the 79 percent of Americans who have given up on “their” government. The latest Rasmussen Poll indicates that the vast majority of Americans are convinced that “their” government is totally unresponsive to them, their concerns, and their needs. Rasmussen found that only 21…
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Texas' Debra Medina, The Fahad Hashmi case: Grounds for Hope and Despair
My February 16 column, A Country of Serfs Ruled By Oligarchs, received confirmation from high places on the very day it appeared. Popular Indiana Democratic U.S. Senator Evan Bayh announced that he was quitting the Senate. Yahoo News gave this account: “In an interview on MSNBC this morning, newly retiring Sen. Evan Bayh declared the American political system ‘dysfunctional,’ riddled…
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America—A Country of Serfs Ruled By Oligarchs
The media has headlined good economic news: fourth quarter GDP growth of 5.7 percent (“the recession is over”), Jan. retail sales up, productivity up in 4th quarter, the dollar is gaining strength. Is any of it true? What does it mean? The 5.7 percent growth figure is a guesstimate made in advance of the release of the U.S. trade deficit…
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Can The Real Estate Predators Fight Off the Oil Company Predators?
Which organization is the greatest threat to the Second Amendment —the anti-gun Brady Center to Prevent Gun Violence or Idaho’s pro-gun Sportsmen for Wildlife? This might seem like a stupid question until you learn that the Idaho organization recently held three “predator derbies” in which competitors vied to see who could slaughter the most wolves over a two-day period. Similar…
Read more »It Is Now Official: The U.S. Is A Police State
Americans have been losing the protection of law for years. In the 21st century the loss of legal protections accelerated with the Bush administration’s “war on terror,” which continues under the Obama administration and is essentially a war on the Constitution and U.S. civil liberties. The Bush regime was determined to vitiate habeas corpus in order to hold people indefinitely…
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Markets Fail When Humans Are Unregulated
Former Federal Reserve chairman Alan Greenspan answered that he had placed his trust in a flawed theory when he was called before Congress to explain why he, Goldman Sachs Treasury Secretary Robert Rubin and Deputy Treasury Secretary Larry Summers, prevented Brooksley Born, head of the Commodity Futures Trading Corporation, a government regulatory agency, from doing her job of regulating over-the-counter…
Read more »The Crisis Is Not Over
Readers ask if the financial crisis is over, if the recovery is for real and, if not, what are Americans’ prospects. The short answer is that the financial crisis is not over, the recovery is not real, and the U.S. faces a far worse crisis than the financial one. Here is the situation as I understand it: The global crisis…
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