Should The Minimum Wage Be Raised? Paul Craig Roberts Some years ago when I was Business Week’s columnist an up-and-coming academic economist published his conclusions that raising the minimum wage did not cause unemployment. An implication was that labor unions did not cause unemployment by forcing up wages. These conclusions flew in the face of economic theory. Theory held that employees were paid the value...

PCR Interviewed by King World News: The Fed Must Choose Between The Banks And The Dollar http://kingworldnews.com/kingworldnews/Broadcast/Entries/2014/2/1_Dr._Paul_Craig_Roberts.html

What Is Supply-Side Economics? Paul Craig Roberts Supply-side economics is an innovation in macroeconomic theory and policy. It rose to prominence in congressional policy discussions in the late 1970s in response to worsening Phillips Curve trade-offs between inflation and unemployment. The postwar Keynesian demand management policy had broken down. The attempts to stimulate employment brought higher rates of inflation, and attempts to curtail inflation resulted...

How Junk Economists Help The Rich Impoverish The Working Class Paul Craig Roberts Last week, I explained how economists and policymakers destroyed our economy for the sake of short-term corporate profits from jobs offshoring and financial deregulation. https://www.paulcraigroberts.org/2014/01/25/economists-policymakers-murdered-economy-paul-craig-roberts/ That same week Business Week published an article, “Factory Jobs Are Gone. Get Over It,” by Charles Kenny. http://www.businessweek.com/articles/2014-01-23/manufacturing-jobs-may-not-be-cure-for-unemployment-inequality Kenny expresses the view of establishment economists, such...

How Economists and Policymakers Murdered Our Economy Paul Craig Roberts The economy has been debilitated by the offshoring of middle class jobs for the benefit of corporate profits and by the Federal Reserve’s policy of Quantitative Easing in order to support a few oversized banks that the government protects from market discipline. Not only does QE distort bond and stock markets, it threatens the value...

Is the Fed’s ability to manipulate the price of gold running out? Paul Craig Roberts interviewed on USAWatchdog by Greg Hunter http://usawatchdog.com/fed-they-do-not-have-any-more-gold-paul-craig-roberts/

No Jobs For Americans Paul Craig Roberts The alleged recovery took a direct hit from Friday’s payroll jobs report. The Bureau of Labor Statistics reported that the economy created 74,000 net new jobs in December. Wholesale and retail trade accounted for 70,700 of these jobs or 95.5%. It is likely that the December wholesale and retail hires were temporary for the Christmas shopping season, which...

PCR interviewed by WatchDog USA on a variety of subjects Dr. Paul Craig Roberts-U.S. Markets Rigged by its Own Authorities By Greg Hunter On January 8, 2014 http://usawatchdog.com/dr-paul-craig-roberts-u-s-markets-rigged-by-its-own-authorities-it-blows-the-mind/