From Financial Crisis to Stagnation: How We Got into This Mess, and What We Need To Do To Get Out of It: Democratic Perspective’s co-hosts, Mike Cosentino and Steve Williamson, talk to Thomas Palley about his new book, From Financial Crisis to Stagnation: The Destruction of Shared Prosperity and the Role of Economics. Dr. Palley has served as the chief economist for the US – China Economic and Security Review Commission, and is currently Schwartz Economic Growth Fellow at the New America Foundation. In the past, he has also served as the Director of the Open Society Institute’s Globalization Reform Project, and as the Assistant Director of Public Policy for the AFL-CIO.
According to Dr. Palley, much of what politicians tell us about the current economic crisis in the U.S., especially in this election year, is wrong. He believes that if we want to prevent similar crises in the future, we’ll all need a better understanding of the economic, political and social forces which have contributed to the current one. His book is an attempt to help us gain that understanding.