Dean Baker | TalkMarkets | Page 18
Co-Director at Center for Economic and Policy Research
Dean Baker co-founded CEPR in 1999. His areas of research include housing and macroeconomics, intellectual property, Social Security, Medicare and European labor markets. He is the author of several books, including "Getting Back to Full Employment: A Better ...more

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Oil Exports Are Not The Same As Net Oil Exports
The oil that is being imported almost certainly costs more than the domestically produced oil that is now being exported instead of sold domestically.
In European Union-Japan Trade Deal, Tariff Reduction Unlikely To Be Good For Car Makers In Both Blocs
Lower tariff barriers generally benefit consumers in the form of lower prices. If they don't increase overall unemployment, they will lead to gains for the economy as a whole.
Central Bankers Seem Seriously Confused About Robots And The Economy
Central bankers completely missed the housing bubble and then somehow expected the economy would bounce right back even though there was nothing to replace the demand generated by the bubble.
Actually Retirement Security Is Not Looking So Good
Actually, the vast majority of public pension plans are well-funded. Normal market rates of return will fill most of the $12 trillion funding gap.
Tell The Alarmists To Calm Down, The Debt Crisis Is Not Coming Back
Many people were caught sleeping by the run-up of debt in the housing bubble years. They aren't making up for it by worrying about debt now, they are just being wrong again.
The Fed's New Excuse For Raising Interest Rates: Helping The Poor
Higher interest rates could actually make rental inflation worse. An immediate effect of higher interest rates is lower construction.
The Trade Deniers
Trade denialism seems to be a fast growing sector of the economy these days. Robert Samuelson, the Washington Post columnist, is one of the leading practitioners.
Economists' Record On Assessing The Economy's Potential Is Awful
While it is probably true that the sort of tax reform proposed by Trump will not provide much boost to growth, economists really don't have much basis for confidence in their own projections of the economy's potential.
More Evidence Of Inflation Spiraling Out Of Control: Core Without Shelter At 0.8 Percent
The betting still seems to be that the Fed will raise rates in June, but it doesn't seem like the inflation data could be the reason.
Robots And The Which Way Is Up Problem In China
China's labor force is projected to shrink over the next two decades.
Do We Need Jobs In Health Care To Keep People From Being Unemployed?
The Fed has been raising interest rates for the last year and a half with the idea that the economy was growing too rapidly and creating too many jobs. Its concern was that we would see an overly tight labor market.
Inflation Falls Further Below The Fed's Target: Why Raise Rates?
Both the overall and core deflators for personal consumption expenditures (PCE) fell in March. This brought the change in the core PCE deflator over the last year down to 1.6 percent.
Overall And Core CPI Fall In March
The modest inflation shown by the CPI is mostly due to rents. While higher rents affect cost of living, the Fed won't slow rental inflation by raising interest rates. Over the last year, a core CPI that excludes rent has risen by just 1.0 percent.
China And Currency Values: Fast Growing Countries Run Trade Deficits
China isn't doing anything in the dark of the night that we are trying to catch them at. The country pretty explicitly manages the value of its currency against the dollar, that is why it holds more than $3 trillion in reserves.
Trump Adviser Gets Story Confused On The Value Of The Dollar Relative To Other Currencies
How Stephen Moore, who took issue with President Trump's avowed desire to see the dollar fall, got his monetary history wrong.
Thoughts On Friday's Jobs Report
There was probably too much made out of the slowing in payroll employment growth in the March jobs numbers reported yesterday.
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