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Comments for Thomas Palley



Economics for Democratic and Open Societies



Published: Sun, 21 Jan 2018 21:31:19 +0000

 



Comment on Trump and the Neocons: Doing the Unilateralist Waltz by Trump and the Neocons: Doing the Unilateralist Waltz | The D&S Blog

Wed, 31 May 2017 15:48:25 +0000

[...] Re-posted, with permission, from The Globalist and ThomasPalley.com.  [...]



Comment on Fixing the Euro’s Original Sins: The Monetary - Fiscal Architecture and Monetary Policy Conduct by Links 4/6/17 | naked capitalism

Thu, 06 Apr 2017 10:57:19 +0000

[...] Fixing the Euro’s Original Sins: The Monetary – Fiscal Architecture and Monetary Policy Cond... Thomas Palley [...]



Comment on The Phillips Curve: Missing the Obvious and Looking in All the Wrong Places by Thomas Palley vs. Paul Krugman and New Keynesianism vs. New Milton Friedmanism | Last Men and OverMen

Thu, 16 Feb 2017 14:00:13 +0000

[...]         Krugman:         “Thomas Palley argues that mainstream macroeconomists have been looking in all the wrong places for an explanation [...]



Comment on Jack Welch’s Barge: The New Economics of Trade by The end of Ricardo-Heckscher-Ohlin-Samuelson trade theory | Real-World Economics Review Blog

Mon, 19 Dec 2016 19:26:01 +0000

[...] Thomas Palley Share this:EmailTwitterFacebookPrint Comments (0) Leave a comment [...]



Comment on The Federal Reserve Must Rethink How it Tightens Monetary Policy by Fed Raising Interest Rates is Unwelcome and Unnecessary – Radical Political Economy

Sat, 17 Dec 2016 17:03:03 +0000

[...] The Federal Reserve Must Rethink How it Tightens Monetary Policy Share this:ShareEmailFacebookRedditTwitterGoogleLinkedInPrintLike this:Like Loading... [...]



Comment on The Federal Reserve Must Rethink How it Tightens Monetary Policy by The D&S Blog

Sat, 17 Dec 2016 14:11:15 +0000

[...] The Federal Reserve Must Rethink How it Tightens Monetary Policy Share this:EmailGoogleFacebookRedditLinkedInTwitterPrintLike this:Like Loading... Posted on December 17, 2016Author Thomas PalleyTags AFL-CIO, Federal Reserve, full employment, inflation, interest rates, monetary policy, Thomas Palley, unemployment [...]



Comment on Jack Welch’s Barge: The New Economics of Trade by The end of Ricardo-Heckscher-Ohlin-Samuelson trade theory | LARS P. SYLL

Fri, 16 Dec 2016 13:39:37 +0000

[...] Thomas Palley var o = document.getElementById('crt-560658847'); if ("undefined"!=typeof Criteo) { var p = o.parentNode; p.style.setProperty('display', 'inline-block', 'important'); o.style.setProperty('display', 'block', 'important'); Criteo.DisplayAcceptableAdIfAdblocked({zoneid:388248,containerid:"crt-560658847",collapseContainerIfNotAdblocked:true}); } else { o.style.setProperty('display', 'none', 'important'); } (function(g){if("undefined"!=typeof g.__ATA){g.__ATA.initAd({sectionId:26942, width:300, height:250});}})(window); [...]



Comment on Books by Economic Rebalancing Acts

Tue, 02 Jul 2013 07:30:52 +0000

[...] bank lending as a symptom of deeper economic flaws. The economist Thomas Palley sees it as a means of offsetting growth in income inequality, with access to cheap credit replacing the broken welfare guarantee of social democracy. So reform [...]



Comment on Letter to the Queen: Why No One Predicted the Crisis by Ökonomische Modelle und ökonomische Realität | My Blog

Fri, 29 Mar 2013 09:57:19 +0000

[...] [8] http://www.thomaspalley.com/?p=148 [...]



Comment on A critique of Modern Monetary Theory (MMT) by Winslow R.

Sat, 09 Feb 2013 16:40:08 +0000

I haven't read all your papers on MMT. I have read this one. I'm no expert in predicting the political or economic outcomes from implementing MMT policies. Yes, MMT does have a political component as proclaimed by the MMR crowd. As to the 'newness' of MMT ideas, or even the labeling of such ideas, is this really worth debating? Not sure if you've read Wray's books as he has spent much time trying to prove the 'oldness' of these ideas. The pedigree is important in issues of intellectual development, so the whole idea MMT is new seems to be misdirected. It is quite possible MMT offers no new ideas, just the repackaging old ones in a simple, useful manner. The 'newness' issue sounds like sour grapes. In regards to 'frictions' that are ignored by MMT. It is true, there are a lot of old ideas that lack a good theory of explanation. Is MMT really ignoring the ideas you point out or just saying these frictions are overblown in most circumstances? the idea these frictions exist are instead used to justify little or no action. The 'frictions' issue sounds like fear or a conservative reaction to the unknown. As you likely already know, MMT would say a properly structured ELR will address your friction concerns including income distribution. I've not followed the MMT vs. MMR debate as closely as I probably should, but given their desire to do away with the ELR, this paper might have been better directed at MMR.