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Thomas I. Palley


Thomas I. Palley is an independent economist in Washington D.C.

His most recent book, From Financial Crisis to Stagnation: The Destruction of Shared Prosperity and the Role of Economics (Cambridge), was released in paperback in February 2013.

He has published in numerous academic journals and written for The Atlantic Monthly, American Prospect and Nation magazines. His numerous op-eds are posted on his website,

Mr. Palley holds a B.A. degree from Oxford University and an M.A. degree in international relations and a Ph.D. in economics, both from Yale University.

Articles by Thomas I. Palley

Bernie Sanders: An FDR Democrat and US Constitutionalist

The leading contender for the Democratic nomination is no socialist. He simply wants to bring about the change that Democrats have talked about since Clinton.

February 24, 2020

A US Stock Market Boom is Not the Basis of Shared Prosperity

The U.S. addiction to stock price inflation is rooted in an illusion. It is promoted by Donald Trump, Wall Street, the Fed and mainstream economists.

February 4, 2020

Trump and the Neocons: Doing the Unilateralist Waltz

The neocon factor dramatically changes the interpretation of the Trump administration’s unilateralist international economic policy chatter.

May 29, 2017

The Real Reasons for Trump’s Anti-Globalization Circus

Trumponomics: How Trump skillfully used anti-globalization as bait to cover up his extremely neoliberal switch.

May 24, 2017

To Pres. Obama and Secretary Clinton: “In The Name of God, Go”

The two deserve enormous blame, over the years, for the recent election outcome.

November 16, 2016

Fed Needs to Rethink How to Tighten Monetary Policy

The Federal Reserve going about the process of tightening in the wrong way could have severe global repercussions.

September 12, 2016

Brexit: The Day We Entered the Maelstrom

Bad political outcomes produce worsened economic outcomes and further social alienation.

June 28, 2016

Boycott the Rio Olympics to Defend Brazilian Democracy

Beware the anti-democratic events now unfolding in Brazil.

June 4, 2016

Sanders vs. Clinton: The Struggle for the Democratic Party’s Future

Demographics make Democrats the likely majority party of the future, but the party’s political identity and agenda is up for grabs.

April 7, 2016

“Bernie Slanders:” How the Democratic Party Establishment Suffocates Progressive Change

Party elites tarnish Sanders' proposals unjustifiably to rule out his policies.

March 24, 2016

Paul Krugman’s Self-Protectionist Moment

The economist inadvertently puts a spotlight on everything wrong with his profession and with himself.

March 14, 2016

The U.S. Federal Reserve and Shared Prosperity

How do we get a U.S. Fed that works for Main Street, not Wall Street?

February 24, 2015

Coordinate Currencies, or Stagnate

What can the United States, China and other nations do to prevent a wave of competitive devaluation of currencies?

July 10, 2013

Putting Finance Back in the Box

What can be done to make finance serve interests of the real economy?

February 28, 2013