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When major public investments like these are not properly supervised, inequity, waste and corruption is an inevitable result, and the diverse working class loses out. Rigorous oversight of the IRA's implementation needs to be a top priority for Biden.

February 16, 2023

Article Artículo

Health and Social Programs

Social Security

United States

Why Would Anyone Think the Republicans Are Interested in Lower Budget Deficits?

Dean Baker / February 15, 2023

Article Artículo

Prices

United States

That 3.0 Percent Jump in Retail Sales in January Is Not a Big Deal

Dean Baker / February 15, 2023

Article Artículo

COVID-19

Inequality

Intellectual Property

Moderna’s $130 Vaccine and the Path to Cheap Drugs

February 14, 2023

Article Artículo

Economic Crisis and Recovery

Food Prices

Inflation

United States

Inflation Preview: What to Look for in January’s CPI Release

After seeing mostly good news on inflation through the second half of 2022, we are likely to see a more mixed picture in the January CPI.

Dean Baker / February 13, 2023

Article Artículo

Economic Crisis and Recovery

Economic Growth

Inequality

United States

Aging Populations and Great Power Politics: The Problem is for the Elites, not the Masses

There is little reason for the overwhelming majority of the country to be concerned about a declining population.

Dean Baker / February 13, 2023

Article Artículo

Economic Crisis and Recovery

When the WPA Created Over 400,000 Jobs for Black Workers

In response to the Great Depression, the Works Progress Administration (WPA) created jobs for over 8 million people between 1935 and 1943.

Algernon Austin / February 09, 2023

Article Artículo

The NYT Tells Us that Drugs Are Cheap, Government-Granted Patent Monopolies Make Them Expensive

February 07, 2023

Article Artículo

Healthcare

Intellectual Property

United States

Ending the Cesspool in Pharmaceuticals by Taking Away Patent Monopolies

It is absurd that we use the power of the government to make life-saving drugs that would sell for hundreds of dollars in a free market, instead sell for tens or even hundreds of thousands of dollars.

Dean Baker / February 05, 2023

Article Artículo

Federal Reserve

Inflation

United States

The Fed’s 2.0 Percent Inflation Target

Inflation can move unpredictably, as we have seen, and a 2.5 percent inflation rate means there is little room for a rise without the Fed having to be worried, but there seems little harm in waiting.

Dean Baker / February 05, 2023

Article Artículo

Health and Social Programs

Healthcare

Social Security

United States

The Washington Post Wants to Cut Social Security and Medicare (Yeah, What Else is New?)

Much has been done to improve the program's finances in contrast to what is implied in the Post’s editorial. The key is reducing the costs of our healthcare system as a whole.

Dean Baker / February 05, 2023

Article Artículo

Vaccine Nationalism: China’s and Ours

February 04, 2023

Jobs Byte Artículo

Jobs

United States

Workers

Job and Hour Growth Soar in January, Unemployment Hits New Half-Century Low

Wage Growth Remains Solid in Most Sectors

Dean Baker / February 03, 2023

Article Artículo

Economic Crisis and Recovery

Economic Growth

Jobs

United States

Job Growth: Is the Household or Establishment Survey Right?

The employment growth shown in the household survey would still be quite impressive, especially in an economy that started the year at a historically low unemployment rate.

Dean Baker / February 03, 2023