Equality before the law is an achievement of a thousand-year struggle, but Americans have carelessly thrown it away. We have spent the past 37 years resurrecting feudalism, a system of differential legal rights based on status. The new legal aristocrats are “preferred minorities”—an official designation—whether they are native-born descendants of slaves or walked across our... Read More
Yale University law professor Amy Chua writes in World on Fire that “free market democracy” has an Achilles’ heel: market-dominant minorities. The disproportionate success attained by market-dominant minorities foments ethnic hatreds. Democracy provides the envious and resentful majority the means to strike at the successful minority, making conflict inherent in “free market democracy.” What is... Read More
About Paul Craig Roberts
Paul Craig Roberts has had careers in scholarship and academia, journalism, public service, and business. He is chairman of The Institute for Political Economy.
Dr. Roberts has held academic appointments at Virginia Tech, Tulane University, University of New Mexico, Stanford University where he was Senior Research Fellow in the Hoover Institution, George Mason University where he had a joint appointment as professor of economics and professor of business administration, and Georgetown University where he held the William E. Simon Chair in Political Economy in the Center for Strategic and International Studies.
Dr. Roberts was associate editor and columnist for The Wall Street Journal and columnist for Business Week and the Scripps Howard News Service. He was a nationally syndicated columnist for Creators Syndicate in Los Angeles. In 1992 he received the Warren Brookes Award for Excellence in Journalism. In 1993 the Forbes Media Guide ranked him as one of the top seven journalists in the United States.
President Reagan appointed Dr. Roberts Assistant Secretary of the Treasury for Economic Policy and he was confirmed in office by the U.S. Senate. From 1975 to 1978, Dr. Roberts served on the congressional staff where he drafted the Kemp-Roth bill and played a leading role in developing bipartisan support for a supply-side economic policy. After leaving the Treasury, he served as a consultant to the U.S. Department of Defense and the U.S. Department of Commerce.