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Paul Craig Roberts
Institute for Political Economy
Truth Has Fallen and Has Taken Liberty With It
Good-bye During times of universal deceit, telling the truth becomes a revolutionary act. George Orwell There was a time when the pen was mightier than the sword. That was a time when people believed in truth and regarded truth as an independent power and not as an auxiliary for government, class, race, ideological, personal, or financial interest. Today Americans are…
Read more »American Naïfs Bringing Ruin to Other Lands
According to news reports, the U.S. military is shipping “bunker-buster” bombs to the U.S. Air Force base at Diego Garcia in the Indian Ocean. The Herald Scotland reports that experts say the bombs are being assembled for an attack on Iran’s nuclear facilities. The newspaper quotes Dan Plesch, director of the Centre for International Studies and Diplomacy at the University…
Read more »The Offshored Economy
In the 20th century, Detroit, Mich., symbolized American industrial might. Today it symbolizes the offshored economy. Detroit’s population has declined by half. A quarter of the city—35 square miles—is desolate with only a few houses still standing on largely abandoned streets. If the local government can get the money from Washington, urban planners are going to shrink the city and…
Read more »Is The Recovery Real?
Happy news! The government has come up with a 5.9 percent GDP growth rate in the fourth quarter of 2009. The recession is over. Or is it? Statistician John Williams has informed us that 69 percent of this growth, or 4.1 percentage points, is the result of inventory accumulation. That leaves a 1.8 percent growth rate, and the 1.8 percent…
Read more »Muslims Are Their Own Worst Enemy
Muslims are numerous but powerless. Divisions among Muslims, especially between Sunni and Shi’ites, have consigned the Muslim Middle East to almost a century of Western control. Muslims cannot even play together. The Islamic Solidarity Games, a regional version of the Olympics, which were to be held in April in Iran, have been cancelled because the Iranians and the Arabs cannot…
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