Publications

Biden, China, and the New Cold War

It is not clear that we should all eagerly follow the path that President Biden seems to be outlining with regard to China.

Dean Baker / June 16, 2021

Article Artículo

William Cohan Predicts Disaster from Low Interest Rates: Yes, We Have Seen This Movie Before

There apparently is a big market for this stuff, but this is little reason to take it seriously.

Dean Baker / June 15, 2021

Article Artículo

What’s the Difference Between a Waitress and a Private Equity Partner? (Their Tax Rate)

The ostensible rationale for allowing PE partners to pay a lower tax rate on their carried interest is that these payments involve risk.

Dean Baker / June 12, 2021

Article Artículo

How Does Bloated CEO Pay Maximize Shareholder Value? One of the Great Mysteries of the World

We have a story where the shareholders explicitly rejected a CEO pay package and voted to remove the director most responsible for the pay package. But . . .

Dean Baker / June 11, 2021

Article Artículo

Overall CPI Up 0.6 Percent Driven by Bounce Back and Car Shortages

Inflation

The story this month is overwhelmingly that bounce back inflation was 100 percent predictable, coupled with soaring car prices (both new and used) due to temporary shortages.

Dean Baker / June 10, 2021

Article Artículo

May CPI Puts Inflation Hawks in Feeding Frenzy

If we take the car story out of the picture, there is not much of a story of run-away inflation. We will see more erratic price movements as the economy continues to reopen.

Dean Baker / June 10, 2021

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Haiti

US Foreign Policy

Referandòm Konstitisyon an: Men Kijan Kominote Entènasyonal la ap Sipòte yon Atanta Ilegal pou Kontwole Pouvwa

Jake Johnston and Kira Paulemon / June 09, 2021

Article Artículo

States With More Insured Residents Have Higher COVID-19 Vaccination Rates

Is state variation in COVID vaccination rates due in part to state-level differences in the percentage of residents with health insurance and state policy decisions that influence the availability and quality of health insurance?

Shawn Fremstad / June 08, 2021

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WaPo’s New Terminology to Appease the Trumpers: Are Drunk Driving Laws Government “Preferences?”

The vaccine requirement is a safety regulation, designed to protect crew and other passengers from the risk of catching the Covid.

Dean Baker / June 08, 2021

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Revolving Door Project

Why Is Merrick Garland Defending Donald Trump?

In the name of returning the DOJ to “normal,” the attorney general has protected an abnormal president from accountability.

Jeff Hauser and Max Moran / June 08, 2021

Article Artículo

PREVIEW: What to Look for in the May Consumer Price Index

Inflation

The big uncertainty in the May report will be the index for used cars.

Dean Baker / June 07, 2021

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Globalization and Trade

Can We Bemoan Inequality as We Push Policies to Increase It?

Instead of US companies like GE and Walmart benefiting from cheap Chinese labor, our leading tech companies are worried about going head-to-head with more efficient Chinese competitors.

Dean Baker / June 07, 2021

Article Artículo

Patents Are a Bad Way to Fund the Development of Drugs #46,541

June 07, 2021

Article Artículo

Patent Monopolies and Inequality: When We Give Rich People Money, Why Does Inequality Surprise Us?

The great fortunes created by patent and copyright monopolies go well beyond the current crop of Covid vaccine billionaires.

Dean Baker / June 06, 2021

Article Artículo

Does the New York Times Prohibit Its Reporters from Mentioning China’s Vaccines?

Ignoring China's vaccines in the context of vaccinating the world is truly bizarre.

Dean Baker / June 06, 2021

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It’s Cheap Fun Saturday: Job Growth Under Biden and Trump

I know this sort of comparison is silly, but . . .

Dean Baker / June 05, 2021

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Jobs

Workers

Economy Adds 559,000 Jobs in May; Unemployment Drops to 5.8 Percent

Black teen unemployment hit a record low of 12.1 percent in May.

Dean Baker / June 04, 2021

Article Artículo

Budget

Government

The CEPR “It’s the Budget, Stupid” Budget Calculator — Because Size Matters

Almost no one has any sense of what’s big and what’s small in the budget because the numbers are standardly reported as millions, billions, or trillions, with no context whatsoever.

Dean Baker / June 03, 2021

Article Artículo