The Case of the Missing Recovery Paul Craig Roberts Have you seen the economic recovery? I haven’t either. But it is bound to be around here somewhere, because the National Bureau of Economic Research spotted it in June 2009, four and one-half years ago. It is a shy and reclusive recovery, like the “New Economy” and all those promised new economy jobs. I haven’t seen...

2014 Will Bring More Social Collapse Paul Craig Roberts 2014 is upon us. For a person who graduated from Georgia Tech in 1961, a year in which the class ring showed the same date right side up or upside down, the 21st century was a science fiction concept associated with Stanley Kubrick’s 1968 film, “2001: A Space Odyssey.” To us George Orwell’s 1984 seemed so...

King World News Interview, December 22, 2013 http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/12/22_Former_Treasury_US_Official_-_US_Propaganda_%26_Outright_Lies.html

Dear Readers, thank you for your support in 2013. Although you have kept me working past retirement age, I find it encouraging that there are some Americans who can think independently and who want to know. As Margaret Mead said, it only takes a few determined people to change the world. Perhaps some of you will be those people. My traditional Christmas column (below) goes...

Manipulations Rule The Markets Paul Craig Roberts The Federal Reserve’s announcement on December 18 that beginning in January its monthly purchases of mortgage-backed financial instruments and US Treasury bonds would each be cut by $5 billion is puzzling, as is the financial press’s account of the market’s response. The Federal Reserve conveys a contradictory message. The Fed says that improvements in employment and the economy...

Washington Has Discredited America Paul Craig Roberts Years ago when I described the George W. Bush regime as a police state, right-wing eyebrows were raised. When I described the Obama regime as an even worse police state, liberals rolled their eyes. Alas! Now I am no longer controversial. Everybody says it. According to the UK newspaper, The Guardian, the Chancellor of Germany, Angela Merkel, had...

Dear Readers, you have kept your end of the bargain, and I will keep mine. Washington Drives the World Toward War Paul Craig Roberts Washington has had the US at war for 12 years: Afghanistan, Iraq, Somalia, Libya, Pakistan, Yemen, and almost Syria, which could still happen, with Iran waiting in the wings. These wars have been expensive in terms of money, prestige, and deaths...

Dear Readers, Readership has doubled, but donations in response to the current quarterly request are less than when the site had far fewer readers. Perhaps I have had my 15 minutes of fame and it is time to retire. Writing these columns does not benefit me. I already know the information that I provide to you, and the establishment has many ways of penalizing a...

PCR Interviewed by RT’s Erin Ade, December 3, 2013 “In the Keynesian model, if consumers save more than investors invest, unemployment rises. Larry Summers’ prescription for negative real interest rates is to penalize consumers for saving. This argument is a justification for increasing Quantitative Easing, that is, printing more money with which to purchase more bonds. http://goo.gl/GK3TpU

Dear Readers: This is our quarterly appeal for your support. Remember, this is your site. The site will continue as long as you support it. There is no advertising on this site, and there is no political, social, economic, or ideological agenda associated with this site. This site offers information and explanations that are independent of self-serving agendas. I am not infallible, but I respect...