Paul Craig Roberts and Dave Kranzler In two recent articles we explained the hows and whys of gold price manipulation. The manipulations are becoming more and more blatant. On February 6 the prices of gold and stock market futures were simultaneously manipulated. On several recent occasions gold has attempted to push through the $1,270 per ounce price. If the gold price rises beyond this level,...
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Washington Destabilizes Ukraine
Washington Destabilizes Ukraine Only Washington Knows Best Paul Craig Roberts The control freaks in Washington think that only the decisions that Washington makes and imposes on other sovereign countries are democratic. No other country on earth is capable of making a democratic decision. The world has witnessed this American self- righteousness for eons as Washington overthrows one democratic government after the other and imposes its...
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Should The Minimum Wage Be Raised? — Paul Craig Roberts
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...
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King World News interview–Fed Must Choose Between the Banks and the Dollar
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
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What Is Supply-Side Economics? — Paul Craig Roberts
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...
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Why is the Fed tapering?
Why is the Fed tapering? Paul Craig Roberts and Dave Kranzler On January 17, 2014, we explained “The Hows and Whys of Gold Price Manipulation.” https://www.paulcraigroberts.org/2014/01/17/hows-whys-gold-price-manipulation/ In former times, the rise in the gold price was held down by central banks selling gold or leasing gold to bullion dealers who sold the gold. The supply added in this way to the market absorbed some of...
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How Junk Economists Help The Rich Impoverish The Working Class — Paul Craig Roberts
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...
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How Economists and Policymakers Murdered Our Economy — Paul Craig Roberts
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...
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Is the Fed’s ability to manipulate the price of gold running out?
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/
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The Hows and Whys of Gold Price Manipulation
Paul Craig Roberts and Dave Kranzler. The deregulation of the financial system during the Clinton and George W. Bush regimes had the predictable result: financial concentration and reckless behavior. A handful of banks grew so large that financial authorities declared them “too big to fail.” Removed from market discipline, the banks became wards of the government requiring massive creation of new money by the Federal...
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