Dean Baker

Articles by this author

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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The World Economic Forum is not some sort of international organization, it is a for-profit organization.  (Photo: Market Watch via Getty Images) Views
Wednesday, January 23, 2019
No One Said Rich People Were Very Sharp: Davos Tries to Combat Populism
Let's see, cattle ranchers are against vegetarianism, coal companies are against restricting CO2 emissions, and the Davos crew is trying to combat populism, according to The Washington Post . It is kind of amazing that the rich people at Davos would not understand how absurd this is. Yeah, we get...
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Three fifth graders Views
Saturday, January 19, 2019
Washington Post Forgets to Mention, Scott Walker Misled Fifth Graders About Taxes
The Washington Post had an article about how Republicans and right-wingers have become obsessed with trying to attack Alexandria Ocasio-Cortez, the newly elected representative from New York. At one point it refers to former Wisconsin governor Scott Walker's attack on Ocasio-Cortez's position...
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Trump Views
Monday, December 24, 2018
No, Donald Trump Is Not Leaving Us Poorly Prepared for the Next Recession
There is a popular theme in the media these days that the Trump administration is leaving us poorly prepared for the next recession. The basic story is that high deficits and debt will leave us less room to have a large stimulus when the next recession hits. This is wrong, at least if we are talking about the economics.
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Man holds a sign reading 'Bailout families, not Wall Street insiders' Views
Saturday, December 01, 2018
Our Elites Refuse to Accept Responsibility for Leaving Behind the Left Behind
There have been several analyses of the 2018 election results showing that the Republican regions are disproportionately areas that lag in income and growth. In response, we are seeing a minor industry develop on what we can do to help the left behinds. The assumption in this analysis is that being...
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Monday, September 03, 2018
Unions in the 21st Century: A Potent Weapon Against Inequality
The topic of economic inequality can appear complex, with many nuanced causes and outcomes. But while the two of us actively engage in that debate, we also strongly believe that there is one overarching factor that must not be, but often is, overlooked: worker bargaining power. On Labor Day, this...
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A snarky sign seen in San Francisco. Views
Friday, August 03, 2018
The Trump Administration's Giant F**k You to Working People: Playing Games with Capital Gains Tax Rates
Okay, I'm going to plead guilty to playing lawyer without a license. The NYT reports that the Trump administration is proposing to unilaterally (as in no congressional action) change the way that capital gains are calculated for tax purposes. The plan is to allow people to index capital gains for...
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"While Lowenstein doesn't see any problem with our incredibly rich counterfeiters in the real world we have the problem that they are creating demand for goods and services with their consumption." (Photograph: AP/Manuel Balce Ceneta) Views
Monday, July 23, 2018
The Washington Post Thinks It Is a New Idea to Tell People to Worry About Mobility and Not Inequality
Just when you thought economic commentary in the Washington Post couldn't get any more insipid, Roger Lowenstein proves otherwise. In a business section " perspective " he tells readers: "But what if inequality is the wrong metric. Herewith a modest proposition: economic inequality is not the best...
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