Dean Baker

Articles by this author

Demonstrators hold signs in support of a financial transactions tax (FTT), also known as a Robin Hood tax.  (Photo: Elvert Barnes/flickr/cc) Views
Monday, October 14, 2019
The Economics and Politics of Financial Transactions Taxes and Wealth Taxes
This piece first appeared on Patreon. Last month, the Washington Post reported that Joe Biden is considering including a financial transactions tax (FTT) as part of his campaign for the Democratic nomination. For those of us who have long advocated such a tax, this is very good news. On this issue...
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The media take a somewhat different tack on this country versus country story, but they nonetheless embrace the nonsense Trumpian logic. (Photo: Screenshot) Views
Wednesday, August 28, 2019
Corporate Media Take the Trump Line on Trade
The New York Times ( 8/10/19 ) ran an article this month with a headline saying that the 2020 Democratic presidential contenders faced a major problem: “How to Be Tougher on Trade Than Trump.” Serious readers might have struggled with the idea of getting “tough on trade.” After all, trade is a tool...
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Excessive CEO, which comes at the expense of the corporation, is far more pernicious than returns to shareholders. (Image: Shutterstock) Views
Monday, August 19, 2019
CEOs Say They Will Stop Maximizing Shareholder Value. Would Be Better If They Stopped Maximizing CEO Compensation
The Washington Post had a major front page article announcing in the headline "Group of top CEOs says maximizing shareholder profits no longer can be the primary goal of corporations." The piece refers to a statement by the Business Roundtable, a group comprising many of the country's largest...
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NAFTA protest Views
Monday, August 12, 2019
Why Would the Democrats Want to be 'Tough' on Trade, as Opposed to Smart on Trade?
The New York Times has created an absurd dilemma for Democrats; "how to be tougher on trade than Trump." This framing of the trade issue is utterly bizarre and bears no resemblance to reality.
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The pharmaceutical industry and its supporters in Congress try to pretend that we couldn’t possibly develop new drugs without the incentive of patent monopolies. (Photo: Chris Potter/flickr/cc) Views
Tuesday, July 02, 2019
Why Aren’t the Democrats Talking About Ending Patent-Financed Drug Research?
Many of the leading Democratic candidates, especially Bernie Sanders and Elizabeth Warren, have been putting forward bold progressive plans in a wide variety of areas. Sanders and Warren have both supported a quick transition to a universal Medicare program, with no premiums, co-pays, or...
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In reality, the shares are 1.5 percent for SNAP, 0.4 percent for TANF and 0.4 percent for foreign aid. (Photo by Win McNamee/Getty Images) Views
Friday, March 29, 2019
To Readers, $X Billion Just Means ‘a Whole Lot of Money’
Polls consistently show that the public hugely overestimates the share of the budget that goes to items like SNAP (food stamps), Temporary Assistance to Needy Families (TANF) and foreign aid. People will typically give answers in the range of 20 to 30 percent of the budget for these categories of...
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Tuesday, March 19, 2019
Trillion Dollar Wall Street Bailouts, Bernie Sanders, and the Washington Post
Glenn Kessler, the Washington Post Fact Checker gave Bernie Sanders two Pinocchios yesterday for saying that the Wall Street banks got a trillion dollar bailout. Kessler raises several points of contention. First, whether the Wall Street banks actually got that much money. Second, whether it can...
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Monday, March 18, 2019
On Paying for a Green New Deal with Modern Monetary Theory
Much of the Democratic Party, including almost the entire pack of contenders for the Democratic presidential nomination, has embraced the concept of a Green New Deal (GND). This is an ambitious plan for slashing greenhouse gas emissions, while at the same time creating good-paying jobs, improving...
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Social Security benefits will also be lower relative to lifetime earnings for baby boomers than earlier generations. (Photo: Screenshot/Huffpost) Views
Friday, March 15, 2019
Worry About the Old, Not the Rich, HuffPost Tells Readers
There continues to be a large market for pieces saying the big conflict in the US is generational rather than class. The HuffPost ( 3/11/19 ) made its latest contribution this week. The piece is more than a bit confused, but its headline explicitly gives the intention: “America’s Defining Divide Is...
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Anit-austerity demonstrators hold signs during a protest on March 16, 2013 in Madrid. Views
Saturday, February 23, 2019
Why Do the Media Provide Cover for Austerity Cranks, Like the Folks Running the EU?
It’s not uncommon to read new stories that quite explicitly identify economic mismanagement. For example, news reports on the hyperinflation in Zimbabwe routinely (and correctly) attribute the cause to the poor economic management by its leaders. We will see similar attributions of mismanagement to...
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