Reflecting On Paul Craig Roberts: What If The US GDP Was Only $12 Trillion?
Paul Craig Roberts in an interview with King World News said the US economy is nowhere near the $17 trillion GDP the administration is claiming. He said the government has been lying about inflation and unemployment since 1980. In particular he criticized Michael Boskin who headed the Congressional Advisory Commission on the Consumer Price Index better known as the Boskin Commission in 1995. Boskin had been a Republican appointee but was an acceptable Chairman to Clinton supporters. He supported NAFTA which has since its passage sent more than 12 million jobs overseas.