“The US is not a superpower. The US is a financially dependent country that foreign lenders can close down at will. Washington still hasn’t learned this. American hubris can lead the administration and Congress into a bailout solution that the rest of the world, which has to finance it, might not accept.”
Quote by Paul Craig Roberts
Work
How the Economy was Lost: The War of the Worlds
This book delves into the intricacies of economic decline, intertwining it with a narrative of a global conflict involving extraterrestrial beings. The story examines the interplay between economic systems and geopolitical tensions, offering a speculative look at the potential consequences of such a catastrophic event. more
Author
Paul Craig Roberts
Paul Craig Roberts is an American economist born on April 3, 1939. He has extensive research and teaching experience in the field of economics and has served as the Assistant Secretary of the Treasury and an advisor to the Federal Reserve. Roberts is known for his support of free-market economics and his criticism of globalization. more
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