Beat the Press

Beat the press por Dean Baker

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). To never miss a post, subscribe to a weekly email roundup of Beat the Press. Please also consider supporting the blog on Patreon.

Earlier today I was on a panel discussing the recent surge in inflation. There were a number of questions for which we did not have time. I have picked some of these questions to answer myself, for anyone who may be interested.
Earlier today I was on a panel discussing the recent surge in inflation. There were a number of questions for which we did not have time. I have picked some of these questions to answer myself, for anyone who may be interested.
There undoubtedly will be people who get away with substantial amounts of cheating, but that should not be an excuse for not adopting an environmentally friendly way of reducing the price of oil on world markets.
There undoubtedly will be people who get away with substantial amounts of cheating, but that should not be an excuse for not adopting an environmentally friendly way of reducing the price of oil on world markets.
When the people...only hear that their plight was the unfortunate outcome of trends in technology and globalization, when in fact it was the result of policy deliberately designed by the winners, they are likely to be angry.
When the people...only hear that their plight was the unfortunate outcome of trends in technology and globalization, when in fact it was the result of policy deliberately designed by the winners, they are likely to be angry.
The biggest problem with Rattner's story is that there has been a large jump in inflation rates in other wealthy countries as well.
The biggest problem with Rattner's story is that there has been a large jump in inflation rates in other wealthy countries as well.
If news outlets are giving more coverage to struggling families today than they did before the pandemic, that is a result of their editorial policy, not a reflection of reality.
If news outlets are giving more coverage to struggling families today than they did before the pandemic, that is a result of their editorial policy, not a reflection of reality.
There are good reasons to believe that inflation is more likely heading lower than higher. This means the Fed should be cautious in its moves and wait to get a clearer picture of the problem it is facing.
There are good reasons to believe that inflation is more likely heading lower than higher. This means the Fed should be cautious in its moves and wait to get a clearer picture of the problem it is facing.
The key point, that is repeatedly misrepresented in this piece, is that the harm to the working class in the last four decades was the result of deliberate policy, not something that just happened.
The key point, that is repeatedly misrepresented in this piece, is that the harm to the working class in the last four decades was the result of deliberate policy, not something that just happened.
In the old days, we might have thought that too many goods, with too few buyers, might have meant lower prices.
In the old days, we might have thought that too many goods, with too few buyers, might have meant lower prices.
We don’t want to see anything like the surge in unemployment from the 1981–82 recession, especially if it’s intended to combat an inflation problem that does not exist.
We don’t want to see anything like the surge in unemployment from the 1981–82 recession, especially if it’s intended to combat an inflation problem that does not exist.

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