Dean Baker Blog | Talkmarkets | Page 1
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 ... more

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Trade Wars Are Class Wars: Even More Than Klein And Pettis Say
The reason for the deterioration in the quality of manufacturing jobs is not a secret. The unionization rate in manufacturing has plummeted, largely due to trade.
The U.S., China, And The New Cold Warriors
On the days when he is not celebrating his friendship and trade deals with China’s president Xi Jinping, Donald Trump has sought to hype China as the United States’ major enemy in the world.
The Old Japan’s Debt Burden Is Reaching Its Limits Story
Japan has a debt to GDP ratio of close to 250 percent, more than twice as high as in the United States, yet it has none of the problems that the deficit hawks tell us will come from high debt.
Quick Note On Lost GDP Due To Shutdowns
Some folks have complained about the loss of GDP over the last five months and questioned whether the shutdowns have been worth the price.
More Thought On The Post-Pandemic Economy
It is often said that GDP is not a good measure of well-being, we see this in a very big way in the post-pandemic period. It is likely that many of the changes in behavior forced by the pandemic, first and foremost telecommuting, will be enduring.
Quick Reminder: Insider Trading Does Not Maximize Shareholder Value
Insider trading effectively means top executives are stealing from the companies they run. Excitement over potential covid vaccines may be causing irregularities at at least 9 biopharmas, according to the NYT.
The $24 An Hour Minimum Wage
The push for a $15 an hour minimum wage has developed considerable political momentum over the last decade.
Airline Executives Have Problems With Arithmetic
Are airlines sure that people wouldn't pay more to be safer?
Nonsense About China That “Everyone” Knows
The long and short is the story that the pandemic taught us some lesson about relying on China is utter nonsense, with no foundation in reality.
Debt And Deficits With The Coronavirus
The issue is whether the additional demand created by a government deficit is exceeding the economy’s ability to produce goods and services, leading to inflation.
Basic Economics For Economic Columnists: A Depression Is A Process, Not An Event
With the economy going into a shutdown mode for at least month, and possibly quite a bit longer, we’re again hearing the cries from elite economics columnists about a Second Great Depression.
The Great Failure Of Donald Trump’s Big Tax Cut
The fact that Donald Trump’s tax cut did not produce the investment and growth that was promised is widely known.
Can Coronavirus Force Policy Types To Think Clearly About Intellectual Property?
It will be hard to decide the most Trumpian moment in his dealing with the coronavirus pandemic, but my nomination is Trump’s meeting with executives from several pharmaceutical companies, where he discussed developing a vaccine.
Coronavirus, The Stock Market, And The Economy
While the spread of the coronavirus gives us very good reason to worry about the state of the economy, the plunge in the stock market does not.
Do Stockholders Look Forward To A Decade Of Very Low Returns?
In spite of completely missing the crash of the stock bubble in 2000-2002 and the housing bubble in 2007-2010, people tend to think that the big actors in the stock market have great insight into the economy’s prospects.
Technology, Patents, And Inequality: An Explanation That Even Economists Can Understand
It will be a huge step forward when we can get economists and others involved in debates on inequality that it is our policy on technology that drives inequality, not the technology itself.
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