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I’m an economist, not a psychologist, I don’t know how people form their views of the economy. But I can say that the media have not been giving an accurate picture of the economy, nor one that is consistent with their reporting during the Reagan era.

Dean Baker / April 07, 2022

Article Artículo

Globalization and Trade

Being a Bit Serious About Oil Prices

We have a world oil market...many Republican politicians are running around saying that if we just produced more oil here, we wouldn’t have to worry about high gas prices. The numbers indicate otherwise.

Dean Baker / April 07, 2022

Article Artículo

Environment

Antienvironmentalists in Never-Never Land: The Lake Powell Pipeline

We will have problems maintaining energy production from the dam even without the LPP. If we were to build the LPP, we would very quickly need another energy source for 5 million people in the area.

Dean Baker / April 04, 2022

Article Artículo

Economic Crisis and Recovery

More Quick Thoughts on the March Jobs Report – Good News on Inflation

The key point here is that the March jobs report not only had very good news on employment, it also had encouraging news on inflation. The latter point has gone mostly unnoticed.

Dean Baker / April 03, 2022

Article Artículo

Economic Crisis and Recovery

Inflation

CNN Hypes Inflation, Just Like It Hyped Ebola Before the 2014 Midterm Elections

CNN's history with Ebola should be kept in mind in considering its endless hyping of inflation.

Dean Baker / April 03, 2022

Article Artículo

Economic Crisis and Recovery

Workers

Strong Job Growth in March, Some Evidence of Slowing Wage Growth

The March report showed the labor market continues to improve, with modest evidence that the labor shortages in some areas are being alleviated.

Dean Baker / April 01, 2022

Article Artículo

Economic Crisis and Recovery

Wages Up by $1.2 Trillion Since Biden Takes Office, $9,400 per Household

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.

Dean Baker / March 31, 2022

Article Artículo

Economic Crisis and Recovery

Overflowing Inventories and the Supply Chain Crisis

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.

Dean Baker / March 30, 2022

Article Artículo

Economic Crisis and Recovery

Growth

Jobs

Preview: Expect Strong Job Gains to Lower Unemployment in March

The labor force participation rate is getting close to pre-pandemic levels for nearly all demographic groups.

Dean Baker / March 29, 2022

Article Artículo

Economic Crisis and Recovery

Recession Fears: Real and Imagined

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.

Dean Baker / March 28, 2022

Article Artículo

Latin America and the Caribbean

US Foreign Policy

Venezuela

World

« Naviguer dans des réalités parallèles »

Lorsque les tensions politiques sont vives et que la désinformation prolifère, il n'y a pas de meilleur moyen d'avoir une vision claire que de vos propres yeux.

Alexander Main / March 26, 2022

Article Artículo

Economic Crisis and Recovery

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

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.

Dean Baker / March 24, 2022

Article Artículo

Government

Health and Social Programs

As the Affordable Care Act Enters Adolescence, US Health Care Still Has Growing to Do

Bolstered by pandemic relief subsidies, the ACA was instrumental in blunting the impact of the COVID-19 pandemic on Americans’ health insurance coverage. Ultimately, however, the ACA was only a promising first step.

Hayley Brown / March 22, 2022

report informe

Education

Government

Growth

How States Would Benefit If Congress Truly Invested in Child Care and Pre-K

The child care and pre-kindergarten policies under consideration in Congress would not only benefit children, families, early educators, and the child care sector. They will also stimulate billions of dollars in economic activity in every state.

Julie Kashen, Julie Yixia Cai, Hayley Brown and Shawn Fremstad / March 21, 2022

Article Artículo

Economic Crisis and Recovery

We Don’t Need a Cold War with China

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

Dean Baker / March 18, 2022

Article Artículo

Government

Private Equity

Wall Street

Letter to U.S. Securities and Exchange Commission on Proposal to Examine Private Equity

Letter from economist Eileen Appelbaum and Jeffrey Hooke, senior finance lecturer at the Johns Hopkins Carey Business School.

Eileen Appelbaum and Jeffrey Hooke / March 17, 2022

Article Artículo

Economic Crisis and Recovery

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

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

Dean Baker / March 17, 2022

Article Artículo

Workers

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

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

Dean Baker / March 16, 2022

Article Artículo

Health and Social Programs

Inequality

Workers

Request for Information on the Prosperity Gap Submission to the Select Committee on Economic Disparity and Fairness in Growth of the U.S. House of Representatives

Request for information submitted on March 15, 2022 to the Select Committee on Economic Disparity and Fairness in Growth

Algernon Austin / March 15, 2022

Article Artículo

Economic Crisis and Recovery

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

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.

Dean Baker / March 15, 2022

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