Thomas Palley: Economics for Democratic and Open Societies

Is America a 'financialized' economy, dependent on bubbles for growth? That's the topic for today. Bubbles, one hears a lot of noise about bubbles lately. And one sector we hear about in particular is technology. But is the tech bubble moniker really warranted? Erin Ade discusses. Then, economist Thomas Palley, author of the book: "From Financial Crisis to Stagnation" talks to Erin about an American economy suffering from so-called secular stagnation. Former Clinton and Obama...

Is America a 'financialized' economy, dependent on bubbles for growth? That's the topic for today. Bubbles, one hears a lot of noise about bubbles lately. And one sector we hear about in particular is technology. But is the tech bubble moniker really warranted? Erin Ade discusses. Then, economist Thomas Palley, author of the book: "From Financial Crisis to Stagnation" talks to Erin about an American economy suffering from so-called secular stagnation. Former Clinton and Obama...

New America Foundation, 2009. Tom addresses the roots of the financial crisis.

New America Foundation, 2009. Tom addresses the roots of the financial crisis.

Michael Lind and Thomas Palley

Michael Lind and Thomas Palley

Tom Palley, a Washington DC-based economist critiques the US president's defence of capitalism.