Thomas Palley: Economics for Democratic and Open Societies

Ten years ago (September 2005) I launched my website. To mark this anniversary, here are ten postings that I think got it right. Many of them are included in my book, The Economic Crisis: Notes From The Underground (2012). 1. Keynesianism: what it is and why it still matters (September 18, 2005). My first post. [...]

August’s Employment Report showed the unemployment rate fell to 5.1 percent and creation of 173,000 new jobs. Predictably, the decline in the unemployment rate has triggered calls for higher interest rates from Wall Street Hawks on grounds that higher core inflation is just around the corner. That is the same call we heard when the [...]

Andrew Mazzone, President of the Henry George School of Social Science interviews Thomas Palley, Senior Economic Advisor, AFL-CIO and author of the book “Plenty of Nothing, the Downsizing of the American Dream and the Case for Structural Keynesianism.” Their conversation focuses on a variety of issues including the Golden Age, shareholder value maximization and financial capitalism. The discussion spans 50 years of economic history and divides the 20th century into three...

Andrew Mazzone, President of the Henry George School of Social Science interviews Thomas Palley, Senior Economic Advisor, AFL-CIO and author of the book “Plenty of Nothing, the Downsizing of the American Dream and the Case for Structural Keynesianism.” Their conversation focuses on a variety of issues including the Golden Age, shareholder value maximization and financial capitalism. The discussion spans 50 years of economic history and divides the 20th century into three components such as...

Our lead story: Edward takes at Phoenix housing, which is a key distressed housing market to follow - a canary in the coalmine for former bubble markets. Data from the month of May clearly show the housing market there topping out again. Then Edward takes a look at how American Express members can earn 2x the points if they use their cards to pay for Uber rides. Then Erin sits down with Doug Casey of Casey Research to look at private data collection and the US government's piggybacking off...

Our lead story: Edward takes at Phoenix housing, which is a key distressed housing market to follow - a canary in the coalmine for former bubble markets. Data from the month of May clearly show the housing market there topping out again. Then Edward takes a look at how American Express members can earn 2x the points if they use their cards to pay for Uber rides. Then Erin sits down with Doug Casey of Casey Research to look at private data collection and the US government's piggybacking off...

Our lead story: The European Central Bank has introduced a number of different measures aimed at stimulating the Eurozone economy such as negative interest rates, and cheap long-term loans to banks. What does all of this mean? Erin takes a look. Then we sit down with economist Dr. Thomas Palley to get his view on the ECB decision and explore distinctions between New Keynesian economists and Post Keynesian economists. After the break, we check in with Ladar Levison of Lavabit to discuss his...

Our lead story: The European Central Bank has introduced a number of different measures aimed at stimulating the Eurozone economy such as negative interest rates, and cheap long-term loans to banks. What does all of this mean? Erin takes a look. Then we sit down with economist Dr. Thomas Palley to get his view on the ECB decision and explore distinctions between New Keynesian economists and Post Keynesian economists. After the break, we check in with Ladar Levison of Lavabit to discuss his...

Our lead story: Erin takes a look at how some of the largest US companies parked their earnings in low tax countries. Many countries with low corporate tax rates use this as a vehicle to increase investment from abroad while also increasing jobs at home. US companies move to these countries to book profits offshore, but they also don't want to pay taxes on these earnings. Erin brings you more. Our guest today is author and economist Thomas Palley, who gives his view on the importance of...

Our lead story: Erin takes a look at how some of the largest US companies parked their earnings in low tax countries. Many countries with low corporate tax rates use this as a vehicle to increase investment from abroad while also increasing jobs at home. US companies move to these countries to book profits offshore, but they also don't want to pay taxes on these earnings. Erin brings you more. Our guest today is author and economist Thomas Palley, who gives his view on the importance of...