Commentaries by Thomas I. Palley

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  Oct. 30, 2009

  Death by Renminbi

  WASHINGTON, DC – Over the last several weeks, the dollar’s depreciation against the euro and yen has grabbed global attention. In a normal w…

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  Aug. 26, 2009

  One Hand Clapping for Ben Bernanke

  WASHINGTON, DC – President Barack Obama’s nomination of Ben Bernanke to a second term as Chairman of the United States Federal Reserve repre…

• Nov. 21, 2008

  Motor City Meltdown

  WASHINGTON, DC – The financial crisis that began in 2007 has been persistently marked by muddled thinking and haphazard policymaking. Now, t…

• Oct. 9, 2008

  Cut Now, Save Later

  WASHINGTON, DC – Central banks around the world have finally reacted to the global financial crisis by engineering a coordinated half-point …

• Aug. 15, 2008

  Speculators at the Pumps

  WASHINTGTON, DC – Until a few weeks ago, while oil prices were surging, debate raged about the relative roles of economic fundamentals and s…

• Jun. 16, 2008

  Beating the Oil Barons

  WASHINGTON, DC – Over the past eighteen months, oil prices have more than doubled, inflicting huge costs on the global economy. Strong globa…

• Feb. 8, 2008

  The Debt Delusion

  WASHINGTON, DC -- A second big American interest-rate cut in a fortnight, alongside an economic stimulus plan that united Republican…

• Jan. 31, 2008

  Breaking the Neoclassical Monopoly in Economics

  For 25 years, the so-called “Washington Consensus” – comprising measures aimed at expanding the role of markets and constraining the role of…

• Oct. 30, 2007

  Humpty Dumpty and Global Financial Imbalances

  WASHINGTON, DC: There is an old saying that goes, “If you have only a hammer, everything looks like a nail.” Nowhere is this clearer than in…

• May 17, 2007

  How Japan Fuels Global Financial Instability

  Over the past several years, much attention has focused on the role of China’s trade surplus in creating today’s global financial imbalances…