Dean Baker

Articles by this author

A coalition of healthcare advocacy community organizations gathered outside Pfizer Worldwide Headquarters in Manhattan on March 11, 2021. Views
Sunday, April 11, 2021
A Vaccine Summit: Taking the Pandemic Seriously
You might think that, after a year in which have seen millions of deaths and tens of millions of infections, and trillions of dollars in economic losses, our leaders would take the pandemic seriously. But apparently, that is too much to ask. To my view, taking the pandemic seriously means doing...
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The debt whiners are fond of telling stories about how the debt is a burden on our children, or how the debt can lead to financial crisis and other bad things, but these claims are inventions, not economic realities. (Photo: Getty/Stock Photo/eyegelb) Views
Tuesday, March 23, 2021
Are Debt Whiners Fools or Just Liars?
I keep asking this question because whining over the government debt looks to be a huge growth sector in the next year or two, or perhaps until Republicans retake the White House. I regularly ridicule debt whining, because, unlike its cousin, deficit whining, it has no basis in economic reality...
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A woman walks past a "Covid-19 vaccine not yet available" sign outside a store in Arlington, Virginia on December 1, 2020. (Photo: Olivier Douliery/AFP via Getty Images) Views
Friday, January 29, 2021
Why Has the Vaccine Rollout Been So Slow? Answer: Big Pharma Patent Monopolies
The vaccine rollout process has been painfully slow in the United States. More than 40 days after the first vaccine was approved for emergency use by the Food and Drug Administration, just over 6.0 percent of our population has been vaccinated. And that is with just the first shot, very few having...
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Residents are seen wearing a mask as they walk through a street on December 8, 2020 in Wuhan, Hubei province,China. With no recorded cases of community transmissions since May, life for residents is gradually returning to normal. (Photo by Getty Images) Views
Thursday, December 31, 2020
New York Times Joins Trump's Anti-China Crusade
There is no doubt that bureaucratic bungling and authoritarian practices slowed China’s response to the coronavirus. A New York Times piece documents many of these failings. But, it is a big step to go from the evidence presented in the article to the assertion in the first paragraph: “Beijing...
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President Trump speaks at the Operation Warp Speed Vaccine Summit on December 8, 2020, in Washington, D.C. Views
Monday, December 28, 2020
Is the Distribution of Vaccines the Biggest Trump Screw-Up Yet?
The Washington Post tells us that 7.7 million first doses of vaccines have been shipped to date (two million shots have been given), with a target of 16 million by the end of the year. This is warp speed? By comparison, we manage to get over 170 million flu shots in people’s arms every year,...
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"Few progressive economists seem especially troubled by CEOs getting paid many millions above the market wage because of a corrupt corporate governance structure," writes Baker. (Photo: Alex Proimos/cc/flickr) Views
Tuesday, September 01, 2020
Are Corporate CEOs Worth $20 Million?
This simple and important question does not get anywhere near the attention it deserves. And, just to be clear, I don’t mean are they worth $20 million in any moral sense. I am asking a simple economics question; does the typical CEO of a major company add $20 million of value to the company that...
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Cutting drug prices presents a bigger challenge than cutting out drug advertising, but the rewards would be huge. (Photo: Chris Potter/flickr/cc) Views
Tuesday, July 28, 2020
The Insanity of Prescription Drug Prices in America
Prescription drugs have long provided two bad examples of American exceptionalism. They cost three-to-four times more than anywhere else, and we’re one of only two countries in the world that allows prescription drug advertising to consumers. Far better to be like everybody else. Americans deserve...
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In this picture taken on April 29, 2020, engineers work on an experimental vaccine for the Covid-19 coronavirus at the Quality Control Laboratory at the Sinovac Biotech facilities in Beijing. Views
Saturday, June 20, 2020
Patents and the Pandemic, Again
I know I have been pounding on this a lot, but it is important and there is a lot of money at stake. All we need (okay, maybe not all) is some clear thinking. The Washington Post had a good piece this week talking about how a company set up by a hedge fund, with no background or expertise in...
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The United States does have a huge domestic market, so it can see shutdowns in certain segments and still likely get by without severe shortages, but smaller countries absolutely need diverse sources. (Photo: Johannes Eisle/AFP/Getty Images) Views
Friday, April 17, 2020
It’s the End of the World Economy as We Know It, Just Like the Great Recession
Neil Irwin tells us there will be fundamental changes in the world economy as a result of the pandemic. While he repeats many things that are conventional wisdom, as is often the case, the conventional wisdom is not very wise. First, the pandemic is supposed to teach us the dangers of having...
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While some people are undoubtedly upset by the CPB getting $75 million, Boeing is getting more than ten times as much money from the rescue package. Views
Sunday, March 29, 2020
The Relative Generosity of the Economic Rescue Package: Boeing and Public Broadcasting
The media have been engaged big time in the numbers without context game, throwing out really big numbers faster than anyone can catch them. (For the biggest, the overall size of the stimulus, given the time frame, we are looking at a stimulus that is about five times as large as the Obama stimulus...
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