Why America Should Listen to Ahmadinejad

By PAUL CRAIG ROBERTS

The full text of Iranian President Mahmoud Ahmadinejad’s speech to the UN General Assembly last week was printed in the Israeli newspaper, Haaretz (9-25-08).

Although our Founding Fathers would have comprehended and endorsed Ahmadinejad’s speech to the United Nations, present-day Americans would find it strange should they happen to hear about it.

Unlike their forbears, Americans today live a material life, not a spiritual one. Americans are far too likely to dismiss Ahmadinejad’s words about obeisance to God and justice as the mumbo-jumbo of an “Islamist extremist.” Read More…

Posted under Economy, Politics

Mortgaging the Nation

The Bitter Fruits of Deregulation

By PAUL CRAIG ROBERTS

Remember the good old days when the economic threat was mere recession? The Federal Reserve would encourage the economy with low interest rates until the economy overheated. Prices would rise, and unions would strike for higher benefits. Then the Fed would put on the brakes by raising interest rates. Money supply growth would fall. Inventories would grow, and layoffs would result. When the economy cooled down, the cycle would start over.

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Posted under Economy, Politics

By Leon Mangasarian

Sept. 25 (Bloomberg) — German Finance Minister Peer Steinbrueck said  the U.S. will lose its position as the world’s undisputed financial “superpower” and called for a ban on speculative short-selling to help restore the global economy.

Steinbrueck, in a speech on the financial-market crisis to lawmakers in Berlin today, set out an eight-point plan urging greater regulation  and larger capital reserves for banks. He championed the German banking system over its U.S. counterpart, dismissing the “Anglo-Saxon” model as having “an exaggerated fixation on returns.” Read More…

Posted under Economy, Politics