March 31, 2022

31 Marzo 2022

If we hear more stories of hardship now, it is because of the decision by the media to give us more stories. It’s like reporting on a rise in homelessness in an area, without mentioning that much of the housing stock had been wiped out by a hurricane.

• Economic Crisis and RecoveryCrisis económica y recuperación

Overflowing Inventories and the Supply Chain Crisis

By Dean BakerDean Baker

March 30, 2022

30 Marzo 2022

The inventory data indicate that we should be getting to the end of shortages due to supply chain problems. This doesn’t mean that there will not still be many items that are in short supply, but these will be the exception rather than the rule.

• Economic Crisis and RecoveryCrisis económica y recuperación

Recession Fears: Real and Imagined

By Dean BakerDean Baker

March 28, 2022

28 Marzo 2022

We should keep our eyes on the forces that actually drive the economy, and not be distracted by quirky recession signals that don’t tell us anything.

• Economic Crisis and RecoveryCrisis económica y recuperación

Contrary to What You Read in the Paper, Consumption is Not Booming

By Dean BakerDean Baker

March 24, 2022

24 Marzo 2022

Consumption would be exceptionally strong if the saving rate had fallen below its pre-recession level...there is little evidence that people are spending down their accumulated wealth to any substantial extent.

• Economic Crisis and RecoveryCrisis económica y recuperación

We Don’t Need a Cold War with China

By Dean BakerDean Baker

March 18, 2022

18 Marzo 2022

It would be incredibly foolish, from a progressive perspective, if we were to confront China in order to protect this antiquated and inequitable system.

• Economic Crisis and RecoveryCrisis económica y recuperación

Biden’s Recovery Plan Did Not Cause the Ukraine War or COVID-19 in China

By Dean BakerDean Baker

March 17, 2022

17 Marzo 2022

Throwing millions out of work, to drive down the wages of tens of millions, is not a clever way to deal with these problems.

• United StatesEE. UU.WorkersSector del trabajo

CORRECTION: The Productivity Adjusted Minimum Wage Would Be $21.50 in 2020 and $23 in 2021

By Dean BakerDean Baker

March 16, 2022

16 Marzo 2022

This post contains corrections to three minimum wage articles published in January 2020, July 2020, and August 2020.

• Economic Crisis and RecoveryCrisis económica y recuperación

As the Fed Prepares to Raise Rates, the Inflation Hawks are Running Wild

By Dean BakerDean Baker

March 15, 2022

15 Marzo 2022

We are seeing higher inflation primarily because of factors that have nothing to do with Biden’s stimulus package. We would not be better off if we faced slightly lower inflation with another 3 million people out of work.

• Economic Crisis and RecoveryCrisis económica y recuperación

The February CPI: More Bad News on Inflation

By Dean BakerDean Baker

March 11, 2022

11 Marzo 2022

Should Jerome Powell put on his Paul Volcker outfit and push interest rates through the roof? I would argue that, while modest rate hikes are appropriate, it is too soon to bring out the heavy artillery.

Reporting Tip for NYT: It Doesn’t Know How Much Information About COVID-19 Spending Is “Desired” by Republicans

By Dean BakerDean Baker

March 07, 2022

07 Marzo 2022

Unless the NYT's reporters have mind reading capabilities, they don't know what level of detail Republicans desire, they know what they are requesting.