Paul Craig Roberts Quotes

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Paul Craig Roberts

Profession : Economist

Birth : April 3, 1939

Under Reagan's policies, inflation and nominal GNP growth shriveled much faster than predicted, throwing off government revenue estimates and resulting in budget deficits.

Paul Craig Roberts

The U.S. is ruled by private interest groups and by the neoconservative ideology that history has chosen the U.S. as the 'exceptional and indispensable' country with the right and responsibility to impose its will on the world.

Paul Craig Roberts

The neoconservative ideology supports American financial and military-political imperialism or hegemony.

Paul Craig Roberts

There is no independent American print or TV media.

Paul Craig Roberts

As the U.S. is import-dependent, this will translate into higher domestic prices.

Paul Craig Roberts

As the dollar's exchange value declines, so will the value of dollar-denominated financial instruments, regardless of how many bonds the Federal Reserve purchases.

Paul Craig Roberts

When I met with Chinese policymakers in 2006, I advised them that there was a limit to how long they could rely on the U.S. consumer market, as jobs offshoring was destroying it.

Paul Craig Roberts

Few, if any, corporations absorb the full cost of their operations. Corporations shove many of their costs onto the environment, the public sector, and distant third parties.

Paul Craig Roberts

Despite massive evidence to the contrary, libertarians hold tight to their romantic concept of capitalism, which, freed from government interference, serves the consumer with the best products at the lowest prices.

Paul Craig Roberts

Progressives regard government as the white knight that protects the public from the greed of capitalists. If only.

Paul Craig Roberts

The public subsidies provided to miners, loggers, and ranchers are as extravagant and as harmful to the public interest as the subsidies that the Federal Reserve and Treasury provide to the 'banks too big to fail.'

Paul Craig Roberts

The Western media is a Ministry of Truth that operates full-time in support of the artificial existence that Westerners live inside The Matrix where Westerners exist without thought. Considering their inaptitude and inaction, Western peoples might as well not exist.

Paul Craig Roberts

In the Matrix in which Americans live, nothing is ever their fault.

Paul Craig Roberts

Once a country descends into evil, it doesn't emerge.

Paul Craig Roberts

Clearly America is exceptional in its immorality, lack of human compassion, and disrespect for law and its founding document.

Paul Craig Roberts

The great problem with corporate capitalism is that publicly owned companies have short time horizons. Unlike a privately owned business, the top executives of a publicly owned corporation generally come to their positions late in life. Consequently, they have a few years in which to make their fortune.

Paul Craig Roberts

By offshoring the production of their products, U.S. corporations transferred technology, physical plant, and business knowhow to China.

Paul Craig Roberts

Offshoring manufacturing jobs left Americans with fewer high-value-added, well-paid jobs, and the U.S. middle class downsized. Ladders of upward mobility were taken down. Income and wealth distributions worsened.

Paul Craig Roberts

Washington is a black hole into which all sanity is sucked out of government deliberations.

Paul Craig Roberts

In 2004, I predicted in a nationally televised conference in Washington, D.C., that the U.S. would be a Third World country in 20 years.

Paul Craig Roberts