Dean Baker | TalkMarkets | Page 3
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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China Doesn’t Need To Fear Deflation
In the wake of the Great Recession, there was a spate of news articles warning of the menace of deflation.
Taxing Share Buybacks: The Cheapest Tax Ever
The tax on buybacks is likely going to be the most administratively efficient tax we have ever seen.
Manufacturing Jobs And Trade: A Tale Of Two Graphs
The first decade of this century was pretty awful for manufacturing workers.
The July Jobs Report: The Good News Keeps Coming
It would be hard to imagine a much better Jobs report than what we got Friday. The economy generated 187,000 jobs for the month, somewhat fewer than the consensus. At the same time, the unemployment rate edged down to 3.5%.
Things Just Keep Getting Worse In China, Now They Are Running Out Of Jobs
It turns out that things in China are even worse than we were previously told. Not only is the country running out of workers, it turns out that it is also running out of jobs.
AI, Job Loss, And Productivity Growth
There is nothing about AI technology that should lead to mass unemployment and inequality. If those are outcomes, it will be the result of how we structured the rules, not the technology.
Have We Whipped Inflation Now?
The big issue, which is still unresolved, is whether we will need to see a substantial rise in the unemployment rate to bring inflation under control. The most recent wage data suggest that we may not.
Housing Units Under Construction Still Above Year-Ago Level
The housing sector still seems relatively strong, residential construction is still above the level it was at when the Fed began hiking rates. Housing is highly interest-sensitive so it is surprising that construction employment is not taking a hit.
Import Prices Are Falling!
Maybe I’ve missed it, but I have seen very little mention of import prices in discussions of the current and future course of inflation. That seems a bit odd, because the volume of imports is large relative to the economy.
David Brooks And The Which Way Is Up? Problem In Economics
Economics famously suffers from a “which way is up?” problem. The issue is whether an economy is suffering from too much demand or too little demand. On its face, that seems like it should be a very simple question.
It’s A Passover Miracle: Fed Wins War On Inflation
We should be celebrating the Fed’s victory. If you missed it, you may have been following the news. But, if instead, you looked at the data, you would have noticed that the annual rate of wage growth has slowed to 3.2% over the last three months.
Have Workers Gotten Back Their Share Of Income?
If the wage share rose back to its pre-pandemic level, and it was evenly shared, every worker would have a 1.7 percent increase in real pay.
The Really Great February Jobs Report
The failure of Silicon Valley Bank overtook the big event of the day, the jobs report. I expected the February number to be weak, not because I thought the labor market had crashed, but just as a correction to the high number in January. I was wrong.
In Defense Of Taxing Stock Buybacks
I don’t accept the idea that companies are foregoing good investment opportunities by buying back shares. I’m generally inclined to think that companies invest where they see profitable opportunities.
Is Inflation Out Of Control, Again?
The January data on consumer expenditures released recently had many people freaking out. For those of us hoping that inflation would come down without a big jump in unemployment, the report was definitely bad news.
The Future Of Vehicle Prices
I recently noticed that the Manheim index for used vehicle prices showed a sharp uptick for January and the first half of February. Perhaps my expectation that vehicle prices would soon look like they were back on their pre-pandemic path was wrong.
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