Dean Baker

Articles by this author

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Saturday, September 07, 2013
The Media's Disgraceful Acquiescence to Larry Summers' White House Boosters
Selling Larry Summers as the successor to Ben Bernanke as chair of the Federal Reserve Board is a tough job.
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Friday, August 09, 2013
Fiddling with Fannie and Freddie Only Sets Us Up for Another Crash
President Obama's announcement of his plans for a restructured mortgage market was painful for those who remember the bubble and crash.
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Tuesday, July 23, 2013
Detroit and Goldman Sachs: Makers and Takers
By now everyone has heard about Detroit's bankruptcy. One of the big bills in the city's payable box is the $3.5 billion in unfunded pension obligations. The story in many people's minds is that overly generous public sector wage and benefit packages pushed the city over the brink.
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Monday, July 15, 2013
Stiglitz Explains How Patent Protection Both Slows Growth and Increases Inequality
Very nice column from one of my favorite Nobel prize winning economists. Stiglitz explains some of the ways in which patent protection impedes growth and increases inequality.
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Saturday, June 29, 2013
The Social Security and Medicare Cutters Are Very Unhappy
Who can blame them? The vast majority of people across the political spectrum oppose their plans to cut these programs. Furthermore, improved budget projections (partly because of cuts that are very bad news) have drastically reduced both current deficit projections and projections for longer term deficits.
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Thursday, June 20, 2013
Do Wall Street and the 1 Percent Thrive at the Expense of Our Kids?
One of the most compelling lines put forward by those seeking cuts in Social Security and Medicare is that spending on the elderly is coming at the expense of our children. The people putting forward this argument typically point to the high percentage of children living near or below the poverty line.
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Friday, May 31, 2013
The United States Already Has Cuddly Capitalism (The Wrong Kind)
Thomas Edsall devoted his blogpost yesterday to a paper by Daron Acemoglu claiming that the United States can't follow a path like Sweden and have "cuddly capitalism." By this Acemoglu is referring to a welfare state that protects most people from the risks in a mar
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Tuesday, May 07, 2013
Budget Austerity Proved a Joke, But the US and Europe Won't Change Course
It appears that the Reinhart-Rogoff battles over their faulty data about government debt have flamed out.
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Monday, May 06, 2013
The Secret of the Weak Recovery: We Had a F***ing Housing Bubble
The problem with economics is not that it's too complicated; the problem is that it's too damn simple. This problem is amply demonstrated by all the heroic efforts made by economists to explain the weakness of the current recovery.
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Tuesday, April 30, 2013
Political Corruption and the “Free Trade” Racket
In polite circles in the United States’ support for free trade is a bit like proper bathing habits. It is taken for granted. Only the hopelessly crude and unwashed would not support free trade.
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