Dean Baker’s Beat the Press
Beat the Press is Dean Baker’s commentary on economic reporting. He is a Senior Economist at the Center for Economic and Policy Research (CEPR).

Beat the Press is Dean Baker’s commentary on economic reporting. He is a Senior Economist at the Center for Economic and Policy Research (CEPR).
While Trump’s actions have caused some financial market turbulence, the far greater danger lies in his undermining of the rule of law, which could drive businesses and investment away from the U.S. and inflict lasting economic damage.
Elon Musk’s DOGE initiative promised $2 trillion in government savings but has delivered minimal documented savings—many of them exaggerated or false—while likely causing greater long-term costs through service disruptions, lawsuits, and regulatory rollbacks that benefit the wealthy.
Trump’s erratic tariffs were supposed to bring back manufacturing jobs and end our trade deficits. They aren’t likely to do either.
It is important to understand that trade policy, patent and copyright monopolies are not the ‘free market’ — they are government policies that have benefited the rich.
The IMF projects that China will add almost $5.1 trillion to its GDP between 2024 and 2026. The United States, meanwhile, is projected to add just over $2.5 trillion.
Donald Trump and Elon Musk are using government power to funnel public money into private profit, exemplified by a needless “Iron Dome” project that would enrich Musk through a lucrative licensing deal.
Most people are bothered by the ability of the rich to buy elections with their vast fortunes. They should feel the same way about the ability of the rich to control the media.
Donald Trump did not end the Ukraine war or lower prices on his first day in office, but he does have a credible claim that he brought a quick end to the the factory construction boom he inherited from Joe Biden.
Understand the dynamics of China’s economy and the silliness on deflation. Discover the longstanding issues in economic narratives.
Trump is bringing the world together in a surprising way. Understand the new dynamics of global trade and alliances forming.