Paul Craig Roberts Quotes

An increase in the relative price of products from the low wage manufacturers in Asia and Latin America will also make those products less attractive to American consumers.

Tariffs would mean prices going up, and customers don't want higher prices.

The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items.

Certainly, we are hurt by the high fuel prices because it raises our cost.

The price of imported oil in the US doubled between summer 2003 and summer 2005, reducing consumers' purchasing power by more than 1 per cent of gross domestic product.

Today, we have a trade regime which has led to the largest trade deficits this country has ever experienced.

We are on pace this year to have a trade deficit that is larger than $800 billion. We have never faced that before, but we continue to put forward trade agreements like these that leave us naked to competition that is neither free nor fair.

One man's wage increase is another man's price increase.

We have little of no inflation in manufacturing goods because more and more we buy products from abroad at very cheap prices.

Don't make such a big deal out of this trade deficit…. In the United States you cannot find anybody to produce such labor-intensive products and it will be more expensive if you were to import such products from other countries and the regions than China. Only China is in the best position to produce such products, and this is also beneficial to China because this has provided job opportunities to China.

Nearly every one of the foreign financial crises of recent decades has led to an increase in the U. S. trade deficit.

By definition, by reducing our trade deficit we will be hurting consumers. Consumers are always better off with a trade deficit.

U.S. trade policy has been a disaster for American workers.

The United States is the least protectionist country in the world but has the largest trade deficit, while other countries are highly protectionist and have huge trade surpluses. This cannot continue.

Years of passivity and drift among U.S. policymakers have allowed the U.S. - China trade deficit to grow to the point where is widely recognized as a major threat to our economy.

It doesn't take a degree in economics to know that something is wrong when it takes $30 or $40 to fill up the gas tank.

I've never been able to get it straight about what these people who are worried about the trade deficit are worried about.

When the dollar goes down relative to other currencies, the price of wheat, corn, rice and oil all go up in dollar terms.

In Illinois, we've seen job losses from agreements like CAFTA and NAFTA. Those agreements didn't help American workers - and they haven't brought improvements to the lives of workers in other countries, either.

Our nation's attitudes toward trade have been shaped by the evolving struggle over who has been helped and who has been disadvantaged by trade policy as our economy has developed.

The impact of low interest rates is broad and deep. Many Americans rely on interest income from their savings to help cover their cost of living.

Prices always soar when there is a Congress government.

Bilateral trade deficits are not evil; historically, better growth in the U.S. economy has led to larger trade deficits.

Emerging market and developing economies have benefited from monetary easing in major economies but have also faced volatile risk sentiment tied to trade tensions.

Free Trade puts consumers at the centre of economic activity. It lowers the cost of imports, which gives people the opportunity to buy more with the same amount of money: domestic producers have to compete with the lowest global costs or invest in new business.