Paul Craig Roberts, “What Economy? There’s Nothing Left”

"What Economy? There's Nothing Left to Recover" By Paul Craig Roberts "There is no economy left to recover. The US manufacturing economy was lost to offshoring and free trade ideology. It was replaced by a mythical “New Economy.”The “New Economy” was based on services. Its artificial life was fed by the Federal Reserve’s artificially low interest rates, which produced a real estate bubble, and by “free market” financial deregulation, which unleashed financial gangsters to new heights of debt