Article • Dean Baker’s Beat the Press
Import Prices Soar: Trump Says Exporters Too Low IQ to Eat the Tariffs
Trump’s tariffs raised import costs and consumer prices, disproving claims that foreign exporters would absorb the burden.
Article • Dean Baker’s Beat the Press
Trump’s tariffs raised import costs and consumer prices, disproving claims that foreign exporters would absorb the burden.
Article • Dean Baker’s Beat the Press
China’s economy has expanded much more than the US economy since Trump took office, increasing its lead in global output.
Article • Dean Baker’s Beat the Press
A windfall profits tax would let Americans share in the oil industry’s huge gains from the Iran war.
Article • Dean Baker’s Beat the Press
Social Security privatization depends on stock return projections that only work if market valuations rise to implausible levels for decades.
Article • Dean Baker’s Beat the Press
AI may create new, often wasteful industries that generate jobs rather than causing mass unemployment.
Article • Dean Baker’s Beat the Press
Billionaires maintain political power not just through campaign spending, but through growing control of media and social media platforms.
Article • Dean Baker’s Beat the Press
Trump accounts are unlikely to replace Social Security, offering limited benefits while Republicans simultaneously cut programs many families rely on.
Article • Dean Baker’s Beat the Press
Perceived insider trading tied to Trump’s oil-related announcements could distort futures markets and increase costs across the oil industry.
Article • Dean Baker’s Beat the Press
Trump’s drug pricing proposal would modestly reduce costs while keeping US drug prices among the highest in the world.
Article • Dean Baker’s Beat the Press
Even if AI boosts productivity, history shows the solution is shorter work time, not panic over mass unemployment.