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[79] Thomas Palley: Fed stepping on breaks will kill wage growth and full employment

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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, ...

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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 wage growth and full employment in our ongoing economic recovery. Palley talks about the role of the Fed, and some alternative methods of financial regulation. Check out his ideas on what he calls “asset based reserve requirements.”



For today’s Big Deal, Edward Harrison joins Erin to talk about what lessons Japan’s Abenomics experiment can teach the US.



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Thomas Palley
Dr. Thomas Palley is an economist living in Washington DC. He holds a B.A. degree from Oxford University, and a M.A. degree in International Relations and Ph.D. in Economics, both from Yale University.

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