Boom Bust Season 1 Episode 50 Thomas Palley: 'Sorry, But Paul Krugman Isn't a Real Keynesian'

Thomas Palley, an economist and author known for his critiques of mainstream economic theory, joins the Boom Bust team to discuss the ongoing debate over whether Paul Krugman can be considered a true Keynesian economist. Palley argues that Krugman's policy recommendations do not align with the central tenets of Keynesianism, citing Krugman's support for austerity measures and his failure to prioritize full employment as evidence. The discussion also delves into the broader implications of the divide within the economics profession, as well as the potential consequences of implementing radically different economic policies. As always, the Boom Bust team provides in-depth analysis and expert insights for viewers seeking to understand the complex world of finance and economics.