Reaganomics Co-Founder Dr. Paul Craig Roberts on Today's Economy and the Global Situation

Dr. Paul Craig Roberts served as an Assistant Secretary of the Treasury during the Reagan Administration and is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service, earning fame as a co-founder of Reaganomics. Roberts, a pro-American traditional conservative, has been sharply critical of both Democratic and Republican administrations, and is especially critical of the so-called "neo-conservatives" of both parties.

Roberts, along with Congressman Ron Paul, has faulted the Federal Reserve system and the federal income tax. In May 2005 he wrote an article calling for Bush's impeachment for lying to Congress about the case for war on Iraq. He is also a sharp critic of mainstream media, saying "Americans who rely on the totally corrupt corporate media have no idea what is happening anywhere on earth, much less at home."

According to wikipedia.org "Roberts has testified before the US–China Commission and written many articles pointing out that the offshoring of high productivity, high value-added jobs in manufacturing and professional services is dismantling the ladders of upward mobility that made the U.S. an opportunity society." Says Roberts, "During our great growth period we had high tariffs. We did not develop on the basis of free trade." He has also criticized the excess of the War on Drugs which he termed the "militarization of local police."

In April 2010 Roberts was interviewed by talk show host Alex Jones. We repeat excerpts below.