Paul Craig Roberts
A founding architect of Reaganomics who later became a fierce critic of American foreign policy and economic globalization.
Born 1939 (age 87)·American economist and author·Birthday: April 3·The Silent Generation
Biography
Paul Craig Roberts built his reputation in the corridors of Washington power before becoming a vocal dissenter from them. As a young economist, he was a principal intellectual force behind supply-side economics, serving as Assistant Secretary of the Treasury under President Reagan and helping to craft the historic tax cuts of the early 1980s. His Wall Street Journal editorials were required reading in policy circles. In later decades, his focus shifted dramatically. He became a trenchant critic of what he termed 'economic offshoring' and the decline of American manufacturing, arguing that free trade agreements betrayed the working class. His commentary grew increasingly alarmist on U.S. foreign interventions, which he viewed as reckless empire-building. From insider to iconoclast, Roberts's career charts a dramatic intellectual journey from the heart of conservative orthodoxy to a position of radical critique.
The Silent Generation
1928–1945
Born between the Depression and the end of WWII. Too young to fight, old enough to remember. They became the conformist middle managers of the 1950s — and the civil rights leaders who quietly dismantled Jim Crow.
Paul was born in 1939, placing them squarely in The Silent Generation. The events that shaped this generation — world wars, depression, and rapid industrialization — shaped the world they entered and the choices available to them.
#1 When Paul Was Born
The biggest hits of 1939
#1 Movie
Gone with the Wind
Best Picture
Gone with the Wind
Paul's Life & Times
The world at every milestone
1939Born
World War II begins; The Wizard of Oz premieres
Gas: $0.19/galMin wage: $0.30/hrPresident: Franklin D. Roosevelt"Over the Rainbow" — Judy GarlandBest Picture: Gone with the Wind
1944Started school
D-Day: Allied forces land at Normandy
Gas: $0.21/galHome: $3,400Min wage: $0.30/hrPresident: Franklin D. Roosevelt"Swinging on a Star" — Bing CrosbyBest Picture: Going My Way
1952Became a teenager
Queen Elizabeth II ascends the throne
Gas: $0.27/galHome: $8,350Min wage: $0.75/hrPresident: Harry S. Truman"Blue Tango" — Leroy AndersonBest Picture: The Greatest Show on Earth
1955Could drive
Rosa Parks refuses to give up her bus seat
Gas: $0.29/galHome: $9,550Min wage: $0.75/hrPresident: Dwight D. Eisenhower"Rock Around the Clock" — Bill Haley & His CometsBest Picture: Marty
1957Could vote
Sputnik launches the Space Age
Gas: $0.31/galHome: $10,550Min wage: $1.00/hrPresident: Dwight D. Eisenhower"All Shook Up" — Elvis PresleyBest Picture: The Bridge on the River Kwai
1960Turned 21
Kennedy-Nixon debates become first televised presidential debates
Gas: $0.31/galHome: $11,900Min wage: $1.00/hrPresident: Dwight D. Eisenhower"Theme from A Summer Place" — Percy FaithBest Picture: The Apartment
1969Turned 30
Apollo 11: humans walk on the Moon; Woodstock festival
Gas: $0.35/galHome: $15,550Min wage: $1.60/hrPresident: Richard Nixon"Sugar, Sugar" — The ArchiesBest Picture: Midnight Cowboy
1979Turned 40
Iran hostage crisis begins; Three Mile Island accident
Gas: $0.86/galHome: $37,900Min wage: $2.90/hrPresident: Jimmy Carter"My Sharona" — The KnackBest Picture: Kramer vs. Kramer
1989Turned 50
Berlin Wall falls; Tiananmen Square protests
Gas: $1.00/galHome: $79,100Min wage: $3.35/hrPresident: George H.W. Bush"Look Away" — ChicagoBest Picture: Driving Miss Daisy
1999Turned 60
Columbine shooting; Y2K panic builds
Gas: $1.17/galHome: $113,900Min wage: $5.15/hrPresident: Bill Clinton"Believe" — CherBest Picture: American Beauty
2009Turned 70
Michael Jackson dies; Bitcoin created
Gas: $2.35/galHome: $148,500Min wage: $7.25/hrPresident: Barack Obama"Boom Boom Pow" — The Black Eyed PeasBest Picture: The Hurt Locker
2019Turned 80
First image of a black hole; Hong Kong protests
Gas: $2.60/galHome: $224,400Min wage: $7.25/hrPresident: Donald Trump"Old Town Road" — Lil Nas XBest Picture: Parasite
2026Age 87 today
Gas: $3.91/galPresident: Donald Trump
Key Achievements
- Served as Assistant Secretary of the Treasury for Economic Policy during the Reagan Administration.
- Awarded the Treasury Department's Meritorious Service Award for his role in the Economic Recovery Tax Act of 1981.
- Held the William E. Simon Chair in Political Economy at the Center for Strategic and International Studies.
- Authored several books, including 'The Supply-Side Revolution' and 'How America Was Lost'.
Did You Know?
He was Associate Editor of the Wall Street Journal's editorial page.
He has a Ph.D. in economics from the University of Virginia.
His writings have been translated into multiple languages, including German and Japanese.
“The offshoring of American jobs is the most serious economic threat that the country has ever faced.”
