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	<title>Thomas Palley</title>
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	<link>http://www.thomaspalley.com</link>
	<description>Economics for Democratic and Open Societies</description>
	<pubDate>Wed, 09 May 2012 17:16:10 +0000</pubDate>
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		<title>From Financial Crisis to Stagnation: The Destruction of Shared Prosperity and the Role of Economics</title>
		<link>http://www.thomaspalley.com/?p=232</link>
		<comments>http://www.thomaspalley.com/?p=232#comments</comments>
		<pubDate>Wed, 09 May 2012 17:07:08 +0000</pubDate>
		<dc:creator>Administrator</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.thomaspalley.com/?p=232</guid>
		<description><![CDATA[Many countries are now debating the causes of the global economic crisis and what should be done. That debate is critical for how we explain the crisis will influence what we do.
Broadly speaking, there exist three different perspectives. Perspective # 1 is the hardcore neoliberal position, which can be labeled the “government failure hypothesis”. In [...]]]></description>
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		<title>From Financial Crisis to Stagnation: An Interview with Thomas Palley</title>
		<link>http://www.thomaspalley.com/?p=200</link>
		<comments>http://www.thomaspalley.com/?p=200#comments</comments>
		<pubDate>Thu, 19 Apr 2012 00:58:34 +0000</pubDate>
		<dc:creator>Administrator</dc:creator>
		
		<category><![CDATA[Economics]]></category>

		<category><![CDATA[Political Economy]]></category>

		<guid isPermaLink="false">http://www.thomaspalley.com/?p=200</guid>
		<description><![CDATA[Conducted by Philip Pilkington and posted on Naked Capitalism on April 18, 2012.

His latest book, From Financial Crisis to Stagnation, was recently published by Cambridge University Press, 2012. 
A 20% discount is available when you purchase using this discount code.
 [Select country location &#038; enter code "palley2012" at checkout to get the discount]
Philip Pilkington: At [...]]]></description>
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		<title>The euro lacks a government banker, not a lender of last resort</title>
		<link>http://www.thomaspalley.com/?p=197</link>
		<comments>http://www.thomaspalley.com/?p=197#comments</comments>
		<pubDate>Mon, 19 Dec 2011 15:24:51 +0000</pubDate>
		<dc:creator>Administrator</dc:creator>
		
		<category><![CDATA[Economics]]></category>

		<category><![CDATA[Europe]]></category>

		<category><![CDATA[Political Economy]]></category>

		<guid isPermaLink="false">http://www.thomaspalley.com/?p=197</guid>
		<description><![CDATA[In his novel, The Jungle, the American muckraking author Upton Sinclair wrote about the horrendous work and sanitary conditions in the Chicago meat packing industry of the early 20th century. It is sometimes said Sinclair aimed for the heart but hit the stomach. That is because he aimed for progressive social and economic change but [...]]]></description>
		<wfw:commentRss>http://www.thomaspalley.com/?feed=rss2&amp;p=197</wfw:commentRss>
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		<item>
		<title>Euro Bonds Are Not Enough: Eurozone Countries Need a Government Banker</title>
		<link>http://www.thomaspalley.com/?p=185</link>
		<comments>http://www.thomaspalley.com/?p=185#comments</comments>
		<pubDate>Tue, 06 Sep 2011 16:41:47 +0000</pubDate>
		<dc:creator>Administrator</dc:creator>
		
		<category><![CDATA[Economics]]></category>

		<category><![CDATA[Europe]]></category>

		<guid isPermaLink="false">http://www.thomaspalley.com/?p=185</guid>
		<description><![CDATA[The eurozone’s public finance crisis continues to fester, reflecting both political and intellectual failure. The intellectual failure is the crisis has been interpreted exclusively as a debt crisis when it is also a central bank design crisis resulting from the euro’s flawed architecture. The flaw is the inability of eurozone governments to harness the central [...]]]></description>
		<wfw:commentRss>http://www.thomaspalley.com/?feed=rss2&amp;p=185</wfw:commentRss>
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		<item>
		<title>A Global Minimum Wage System [1]</title>
		<link>http://www.thomaspalley.com/?p=182</link>
		<comments>http://www.thomaspalley.com/?p=182#comments</comments>
		<pubDate>Mon, 18 Jul 2011 19:55:46 +0000</pubDate>
		<dc:creator>Administrator</dc:creator>
		
		<category><![CDATA[Economics]]></category>

		<category><![CDATA[Globalization]]></category>

		<category><![CDATA[Political Economy]]></category>

		<guid isPermaLink="false">http://www.thomaspalley.com/?p=182</guid>
		<description><![CDATA[Published in the FT Economists’ Forum, July 18, 2011
The global economy is suffering from severe shortage of demand. In developed economies that shortfall is explicit in high unemployment rates and large output gaps. In emerging market economies it is implicit in their reliance on export-led growth. In part this shortfall reflects the lingering disruptive effects [...]]]></description>
		<wfw:commentRss>http://www.thomaspalley.com/?feed=rss2&amp;p=182</wfw:commentRss>
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		<item>
		<title>Deaf to History’s Rhyme: Why President Obama is Failing</title>
		<link>http://www.thomaspalley.com/?p=179</link>
		<comments>http://www.thomaspalley.com/?p=179#comments</comments>
		<pubDate>Thu, 02 Dec 2010 14:32:57 +0000</pubDate>
		<dc:creator>Administrator</dc:creator>
		
		<category><![CDATA[Political Economy]]></category>

		<category><![CDATA[U.S. Policy]]></category>

		<guid isPermaLink="false">http://www.thomaspalley.com/?p=179</guid>
		<description><![CDATA[The great American novelist Mark Twain observed “history does not repeat itself but it rhymes.” Today the rhyme is with the 1930s, and if you don’t hear it read FDR’s great Madison Square Garden speech of October 1936:
“For twelve years this nation was afflicted with hear-nothing, see-nothing, do-nothing government. The nation looked to government but [...]]]></description>
		<wfw:commentRss>http://www.thomaspalley.com/?feed=rss2&amp;p=179</wfw:commentRss>
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		<title>Plan B for Obama on the economy</title>
		<link>http://www.thomaspalley.com/?p=174</link>
		<comments>http://www.thomaspalley.com/?p=174#comments</comments>
		<pubDate>Wed, 08 Sep 2010 19:25:24 +0000</pubDate>
		<dc:creator>Administrator</dc:creator>
		
		<category><![CDATA[Economics]]></category>

		<category><![CDATA[U.S. Policy]]></category>

		<guid isPermaLink="false">http://www.thomaspalley.com/?p=174</guid>
		<description><![CDATA[TO: President Obama
FROM: Thomas I. Palley
RE: How to avoid stagnation and restore shared prosperity
DATE: Labor Day, 2010
Mr. President, 
With hopes of a V- or U-shaped recovery fading, there is the increasing prospect of an L-shaped future of long stagnation, or even a W-shaped future in which W stands for something worse.
The reason for this dismal [...]]]></description>
		<wfw:commentRss>http://www.thomaspalley.com/?feed=rss2&amp;p=174</wfw:commentRss>
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		<item>
		<title>The Federal Reserve Should Raise Rates and Lower Them Too</title>
		<link>http://www.thomaspalley.com/?p=171</link>
		<comments>http://www.thomaspalley.com/?p=171#comments</comments>
		<pubDate>Mon, 30 Aug 2010 14:38:18 +0000</pubDate>
		<dc:creator>Administrator</dc:creator>
		
		<category><![CDATA[Economics]]></category>

		<category><![CDATA[Political Economy]]></category>

		<category><![CDATA[U.S. Policy]]></category>

		<guid isPermaLink="false">http://www.thomaspalley.com/?p=171</guid>
		<description><![CDATA[There is much debate over whether the Federal Reserve should tighten or further ease monetary policy. This dichotomous framing overlooks another possibility, which is whether the Fed should change the mix of its stance, tightening in some areas and further easing in others. 
In particular, there are strong grounds for the Fed to abandon its [...]]]></description>
		<wfw:commentRss>http://www.thomaspalley.com/?feed=rss2&amp;p=171</wfw:commentRss>
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		<item>
		<title>Europe’s debt crisis and Keynes’ green cheese solution</title>
		<link>http://www.thomaspalley.com/?p=168</link>
		<comments>http://www.thomaspalley.com/?p=168#comments</comments>
		<pubDate>Wed, 26 May 2010 14:46:13 +0000</pubDate>
		<dc:creator>Administrator</dc:creator>
		
		<category><![CDATA[Economics]]></category>

		<category><![CDATA[Europe]]></category>

		<guid isPermaLink="false">http://www.thomaspalley.com/?p=168</guid>
		<description><![CDATA[The great German physicist Max Planck remarked that “Science advances one funeral at a time.” The situation is worse in economics which is subject to regress, as happened when the valuable but imperfect insights of Keynesianism were supplanted by the ideological blinkers of neoliberalism. 
The effects of this regress have again been on display in [...]]]></description>
		<wfw:commentRss>http://www.thomaspalley.com/?feed=rss2&amp;p=168</wfw:commentRss>
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		<item>
		<title>Euroland Is Being Crucified Upon Its Own Cross of Gold</title>
		<link>http://www.thomaspalley.com/?p=164</link>
		<comments>http://www.thomaspalley.com/?p=164#comments</comments>
		<pubDate>Thu, 18 Mar 2010 14:47:48 +0000</pubDate>
		<dc:creator>Administrator</dc:creator>
		
		<category><![CDATA[Europe]]></category>

		<guid isPermaLink="false">http://www.thomaspalley.com/?p=164</guid>
		<description><![CDATA[The last quarter of the 19th century witnessed a period of sustained global deflation. In the 1896 US presidential election, William Jennings Bryan famously attacked the gold standard as the cause of deflation, declaring “You shall not press upon the brow of labor this crown of thorns. You shall not crucify mankind upon a cross [...]]]></description>
		<wfw:commentRss>http://www.thomaspalley.com/?feed=rss2&amp;p=164</wfw:commentRss>
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