Dean Baker

Articles by this author

 The basis for the criticism of Trump's tariff policies is not its potential hit to the stock market, the author argues. (Photo: Iman Mosaad/flickr/cc) Views
Sunday, April 01, 2018
Roger Lowenstein, F**k Your Stock Portfolio
I realize it would be too much to ask that people who write on economics for major news outlets have any clue about how the economy works. I say that seriously; I have been commenting on economic reporting for more than two decades. Being a writer on economics is not like being a custodian or bus...
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Thursday, March 15, 2018
In Defense of Larry Kudlow (Sort of)
A lot of folks are running around making a big point of the fact that Larry Kudlow, Trump's new head of the National Economic Council, has gotten a lot of things about the economy wrong, and in particular missed the coming of the Great Recession. For example, here's Dana Milbank's column in the...
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"Remarkably, this new data have gotten almost no attention from the media."(Photo: @srbija_eu/Twitter) Views
Wednesday, February 28, 2018
Doesn't Anyone Care If the Trump Tax Cuts Are Working?
The Commerce Department released data on capital goods orders for January yesterday. As I noted , this is a hugely important early measure of the success of the Trump tax cuts. The ostensible rationale for the big cut in the corporate tax rate that was at the center of the tax cut is that it will...
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As I pointed out yesterday, the projection of an investment boom was never very plausible in any case, but for it to make any sense at all, the tax cuts have to be permanent. Views
Thursday, November 02, 2017
Republican Tax Plan Goes for Temporary Cuts and Permanent Lies
The Washington Post reported that Republicans in Congress are now considering making their tax cuts temporary, so as to reduce their cost over the 10-year budget horizon. The paper neglected to mention that this change would completely undermine the basis for the claim that the tax cut will lead to...
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Wednesday, October 18, 2017
Democrats Used to Be the Party of Slavery: Doug Schoen Pushes the Case for Keeping the Democratic Party Allied with Wall Street
Doug Schoen, a former consultant to Bill Clinton, argued the case that the Democrats should keep their ties to Wall Street in a NYT column this morning. While he does advance his argument with some red-baiting and bad logic, he uses tradition as a starting point. "Many of the most prominent voices...
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Monday, August 28, 2017
Houston, Bangladesh, and Global Warming
We are seeing many terrible pictures from Houston as a result of Hurricane Harvey. People with young children and pets are wading through high water in the hope of being rescued by boat or helicopter. Elderly people in nursing homes are sitting in waist high water waiting to be rescued. It's a...
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Yes, I know the political argument, which seemed to arise late in the game, that US standing in the world has collapsed because we didn’t follow through on the TPP. But let’s just stick with the economics. Views
Friday, August 11, 2017
Do Corporate Media Need to Lie to Promote Trade Deals?
I understand people can have reasonable differences of opinion on trade deals like the Trans-Pacific Partnership (TPP), but why is it that the proponents have to insist, with zero evidence, that not doing the deal was an economic disaster? Yes, I know the political argument, which seemed to arise...
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Monday, July 10, 2017
Paul Ryan Hates the Idea of a Free Market in Health Care, He Wants to Give Money to Rich People
The NYT is again spreading the absurd myth that Paul Ryan and other Republicans want a free market in health care. While it is very helpful to the Republicans to imply that they are trying to advance some grand principle, as opposed to just giving money to rich people, it is a lie on a par with...
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Monday, May 29, 2017
Republicans Are Only Opposed to Redistribution that Goes Downward
Matt O'Brien's Wonkblog piece might have misled readers on Republicans views on the role of government. O'Brien argued that the reason that the Republicans have such a hard time designing a workable health care plan is: "Republicans are philosophically opposed to redistribution, but health care is...
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Thursday, May 25, 2017
Deficit Scare Tactics Are What Citizens Should Really Be Afraid Of
The New York Times ( 5/23/17 ) ran a column by Maya MacGuineas, the president of the Peter Peterson –backed Committee for a Responsible Federal Budget. The piece begins with the ominous announcement: President Trump entered office facing the worst ratio of debt to gross domestic product of any new...
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