Dean Baker

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Tuesday, December 29, 2015
Treating Global Warming Denialism Like a Sex Scandal
The Washington Post ran a column last week that blamed the baby boom generation for global warming. Even for the Post this was extraordinarily low. This is not an issue of defending my generation; it is a question of how bad policy persists. And the answer puts the blame far more on media outlets...
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Sunday, December 27, 2015
The Federal Reserve Board and the Presidential Candidates
Some of the folks watching the Republican presidential debates were struck by the fact that Donald Trump was apparently unfamiliar with the concept of the nuclear triad: that the United States maintains a nuclear force composed of land based missiles, submarine based missiles, and strategic bombers...
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Monday, December 21, 2015
Your Retirement Prospects Are Bleaker Than Ever
The vast majority of Americans who expect to retire in the next decade can count on little income other than their Social Security. This is true not only for low-income workers, who have struggled most of their lives, but also for millions of middle-income workers. Although Social Security is a...
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Wednesday, December 16, 2015
Fed Rate Hike Is the Wrong Move
The Fed's decision to raise interest rates today is an unfortunate move in the wrong direction. In setting interest rate policy the Fed must decide whether the economy is at risk of having too few or too many jobs, with the latter being determined by the extent to which its current rate of job...
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Saturday, December 12, 2015
Hillary Clinton, Bernie Sanders, and Cracking Down on Wall Street
The New Yorker ran a rather confused piece on Gary Sernovitz, a managing director at the investment firm Lime Rock Partners, on whether Bernie Sanders or Hillary Clinton would be more effective in reining in Wall Street. The piece assures us that Secretary Clinton has a better understanding of Wall...
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Wednesday, October 21, 2015
Paul Ryan Wants to Shut Down the Government, Permanently
Everyone has seen the news stories about how Representative Paul Ryan, the leading candidate to be the next Speaker of the House, is a budget wonk. That should make everyone feel good, since we would all like to think a person in this position understands the ins and outs of the federal budget. But...
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Sunday, October 18, 2015
George Will, Bernie Sanders, Freedom and Income Inequality
George Will really takes it to Bernie Sanders in his column this morning. "The fundamental producer of income inequality is freedom. Individuals have different aptitudes and attitudes. Not even universal free public education, even were it well done, could equalize the ability of individuals to add...
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Wednesday, October 07, 2015
‘Massive’ Media Hype for TPP
It is amazing how the elite media can be dragged along by their noses into accepting that the Trans-Pacific Partnership (TPP) can have a big impact on trade and growth. If I had a dollar for every time the deal was described as “massive,” or that we were told what share of world trade will be...
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Wednesday, September 16, 2015
The Elite's Childlike Commitment to Austerity
The landslide victory of left-wing candidate Jeremy Corbyn for Labor Party leader in the United Kingdom has many establishment types bent out of shape. The Blair-wing of the party was literally obliterated, with Corbyn drawing more than four times the votes of his nearest competitor. After giving...
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Tuesday, August 25, 2015
The Stock Market Is Not the Economy
We are seeing the usual hysteria over the sharp drop in the markets in Asia, Europe, and perhaps the US. (Wall Street seems to be rallying as I write.) There are a few items worth noting as we enjoy the panic. First and most importantly, the stock market is not the economy. The stock market has...
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