Paul Craig Roberts served as Assistant Secretary of the US Treasury, Associate Editor for the Wall Street Journal, and Senior Research Fellow at Stanford’s Hoover Institution. A former economics professor, Dr. Roberts is listed by Who’s Who in America as one of the 1,000 most influential political thinkers in the world. His website is PaulCraigRoberts.org.
More Lies From the Government
The government has reported a growth in first quarter 2016 GDP of one-half of one percent — 0.5%.
Residential investment accounted for the entire increase.
Yet housing starts fell by 0.7%.