Whatever Became of Economists and the American economy--Paul Craig Roberts

``According to the official economic fairy tale, the US economy has been in recovery since June 2009... This fairy tale survives despite the fact that there is no economic information whatsoever that supports it. Real median household income has not grown for years and is below the levels of the early 1970s. There has been no growth in real retail sales for six years. How does an economy dependent on consumer demand grow when real consumer incomes and real retail sales do not grow?''