According to various reports, the Russian government is reconsidering the neoliberal policy that has served Russia so badly since the collapse of the Soviet Union. If Russia had adopted an intelligent economic policy, its economy would be far ahead of where it stands today. It would have avoided most of the capital flight to the... Read More
Paul Craig Roberts thinks the Fed has backed itself into corner. A rise in interest rates would strengthen the dollar, give the dollar new life as world reserve currency, and halt the movement into gold, but a rise in rates would collapse the bond and stock markets and reduce the value of derivatives on the... Read More
The article below is reprinted from CounterPunch, January 12, 2011. Since the article was first published, Washington has added the slaughter of Libyans, Yemeni, and Syrians along with that of wolves to its accomplishments. An addendum describes the wicked new “sport” of “canned hunting.” Jason Hribal in a book just off the CounterPunch/AK press, Fear... Read More
In order to stay in touch with his adopted country, Alex would periodically travel from his home in northern California to the East Coast where he would purchase a clunker and drive it back across the country to California, stopping along the way to converse with Americans about the events that were affecting and shaping... Read More
Obama and Global Trade CounterPunch, February 21, 2008 Unique among the contenders for the presidential nominations, Barack Obama has raised the issue of US job loss from US corporations moving operations abroad in order to lower their labor costs and, thereby, boost profits. As reported by the Financial Times, Obama proposed a lower tax rate... Read More
Published in the print edition of Counterpunch, July 2006 For decades Democrats seemed to have a monopoly on class war with demagogy of “the rich.” Today it is the rich who are instigating class war with attacks on middle class jobs. The ladders of upward mobility are being dismantled. America, the land of opportunity, 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.