Paul Craig Roberts on Russia’s Rubble and Rigged Markets

Transcript starting at 30:20:

Well, if we find out that the United States government can overcome all market forces by rigging, then we don’t any longer need economics. There is such thing as economics if governments can rig everything, despite economic forces. And so what we are faced with, Greg, is, if this is he case, can the United States rig everything such that economic forces are suppressed forever? I doubt it, but if that’s the case it means we don’t need economics or economists because their explanations don’t mean anything if the economic forces can be overcome by politically rigged markets. So that is why I say we’re faced with a collapse. I personally don’t think the house of cards can stand.