Paul Craig Roberts Quotes


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This was written in 1933 one of the worst years of the Great Depression. Actualy many upper middle calss and rich people were ruined themselves by the Great Depression, but at the same time the ultra rich were living in a "gildd age" and reveled ostentatiously.


Most people who hear this quote for the first time assume that it originates with some radical socialist of the 1930s. However it came from a President of the United States and a Republican President at that. Few scholars will place this quotation correctly.


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  • Born: April 3, 1939
  • Nationality: American
  • Profession: Economist

Paul Craig Roberts is an American economist and author. He formerly held a sub-cabinet office in the United States federal government as well as teaching positions at several U.S. universities. He is a promoter of supply-side economics and an opponent of recent U.S. foreign policy.