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).
House prices are falling despite restrictive zoning, but soaring homeowners insurance costs driven by climate change continue to undermine housing affordability.
New import price data reinforce that Trump’s tariffs function as taxes paid by American importers and consumers, not by foreign countries.
Using purchasing power parity data, the piece explains why China’s economy is larger than the US economy and why its faster growth is steadily widening the gap.
The New York Times exaggerates the weakness of China’s economy by misrepresenting GDP growth, misunderstanding deflation, and overlooking the country’s longer-term economic transition.
The Paramount-Warner merger threatens media competition, increases political control over major news outlets, and underscores the need for alternative public funding for journalism.
Social Security’s long-term financing shortfall is driven primarily by decades of rising income inequality and slower wage growth, not an aging population or overly generous benefits.
A decades-old jury duty experience serves as a reminder that ordinary citizens can thoughtfully weigh evidence and reach fair verdicts.
Industrial policy is unavoidable, and the real question is whether an AI sovereign wealth fund is an effective way to support innovation and economic growth.
The May trade deficit surged to its highest level since March 2025, driven in part by AI-related imports and undercutting Trump’s goal of reducing the trade gap.
An AI sovereign wealth fund would concentrate political power, reinforce the AI bubble, and divert attention from more effective industrial and corporate tax policies.