PCR, Losing the Economy to Mythology

Losing the Economy to Mythology
by Paul Craig Roberts

Economists cannot understand this straightforward analysis because economists, like neoconservatives, are not reality-based. Economists are governed by the illusion that America’s post-World War II prosperity is based on free trade. It is not. America’s postwar prosperity was based on the destruction of the economic capability of the rest of the world by World War II and communism-socialism. America was prosperous in its trade because no one else could produce anything.