You can't handle the truth.
BTW: Paul Craig Roberts is the Supply Side economist who worked for Donald Reagan (Treasury Sec.) in the early 80's, and drafted the Kemp-Roth tax cuts during the Reagan Administration.
He also worked in the Cato Institute for about 4 years.
Before you call something BS, maybe you will come up with some alternate facts. I doubt you can. Where are the new manufacturing jobs? Not to mention restoring skilled manufacturing engineers and machinists to a society that wants law degrees.
And if the dollar crashes, just HOW will the U.S. suddenly start manufacturing things again for itself when all of the machine tools have been auctioned off to China?
Do you even know why Thomas Jefferson switched emphatically from being an ardent advocate for free trade, and became an industrial protectionist?
The raving loonies in our government are playing global economic musical chairs. And when the music stops...the U.S. will be left standing without anything for its fundament. Every time one of you pop off with your dithering anti-U.S. industry misreprentations, they are smiling widely in Bejing. You are very useful to them.
"Every time one of you pop off with your dithering anti-U.S. industry misreprentations, they are smiling widely in Bejing. You are very useful to them."
But, but, your facts don't fit with the dogma here.
With all due respect, why aren't you concerned about the loss of farming jobs? Or the jobs of "upstairs maids"? Or the jobs of blacksmiths?
Your panic about the "loss" of manufacturing jobs is not justified by the facts. For example, Table B-1 to the June "Employment Situation Summary" reports that manufacturing jobs have INCREASED in "Production of Durable Goods" from last year.
I know... I know...
Paul Craig Roberts is a skillful manipulator of statistics to promote his "agenda".
But. I would hope that FReepers should not be so gullible as to accept his skewed data, without ever bothering to check it.
Our elites live comfortable lives secluded from society in general. They make much of their money off of interest on investments and don't have to ever think of how they are going to keep roofs over their families' heads and food on the plates. It's easy to be philosophical about "some" people suffering and the greater good when you live apart from the rest of reality.