America's Bubble Addiction
Does America have a flawed pattern of growth? For over two decades, growth has depended on asset bubbles and rising indebtedness. Business cycle recoveries have been marked by jobless recoveries and stagnant wages for most Americans. The only way to escape this defective pattern, argues Thomas Palley, is to correct the problems in the macro economy. Join Dr. Palley to discuss these issues and his new paper, "America's Exhausted Paradigm: Macroeconomic Causes of the Financial Crisis and Great Recession."