Dean Baker

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Tuesday, April 05, 2016
The Elite's Comforting Myth: We Had to Screw Rich Country Workers to Help the World's Poor
Roger Cohen gave us yet another example of touching hand-wringing from elite types about the plight of the working class in rich countries. The gist of the piece is that in Europe and the U.S. we have seen growing support for candidates outside of the mainstream on both the left and the right...
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Thursday, March 17, 2016
How to Fight Poverty Through Full Employment
One of the most effective ways to combat poverty among current and future generations is to maintain a full employment economy. The point should be straightforward: when the labor market is strong, or “tight,” it offers increased employment opportunities for those at the bottom. Disadvantaged...
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Friday, January 29, 2016
Washington Post’s Wild Swings at Sanders
It’s not surprising that the Washington Post (owned by billionaire Jeff Bezos) would be unhappy with a presidential candidate running on a platform of taking back the country from the millionaires and billionaires. Therefore the trashing of Sen. Bernie Sanders in an editorial, “Bernie Sanders’...
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Wednesday, January 06, 2016
Convincing the Young to Blame the Old, Not the Rich
The Washington Post ‘s Catherine Rampell devoted a column ( 12/24/15 ) to a popular Washington pastime: trying to get young people angry at their parents and grandparents so that they are not bothered by the enormous upward redistribution of income taking place in this country. She begins the piece...
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(Screenshot via CSPAN) Views
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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