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Paul Craig Roberts
Institute for Political Economy
American Job Loss Is Permanent
Now that a few Democrats and the remnants of the AFL-CIO are waking up to the destructive impact of jobs offshoring on the US economy and millions of American lives, globalism’s advocates have resurrected Dartmouth economist Matthew Slaughter‘s discredited finding of several years ago that jobs offshoring by US corporations increases employment and wages in the US. At the time…
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The War On Terror: Does Anyone Remember…?
Does anyone remember the “cakewalk war“ that would last six weeks, cost $50-$60 billion, and be paid for out of Iraqi oil revenues? Does anyone remember that White House economist Lawrence Lindsey was fired by Dubya because Lindsey estimated that the Iraq war could cost as much as $200 billion? Lindsey was fired for over-estimating the cost of a…
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September Jobs Report Reveals America's Emerging Third World Economy
[See also September Jobs: American Worker Displacement At Record High by Edwin S. Rubenstein] For a number of years I reported on the monthly nonfarm payroll jobs data. The data did not support the praises economists were singing to the “New Economy.” The “New Economy” consisted, allegedly, of financial services, innovation, and high-tech services. This economy was taking the place…
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