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Dr. Dean Baker is a macroeconomist and Co-Director of the Center for Economic and Policy Research in Washington, D.C. He previously worked as a senior economist at the Economic Policy Institute and an assistant professor at Bucknell University. He received his Ph.D in economics from the University of Michigan.
SHARE Tuesday, September 29, 2020 It's Not Vaccine Nationalism, It's Vaccine Idiocy
Evidence of long-term effects may not show up for years. Ideally, researchers would have enough understanding of a vaccine so that they would largely be able to rule out problems showing up years down the road, but we know they do sometimes overlook risks. In any case, the possibility of longer-term problems would still be there with a longer initial testing period.
(1 comments) SHARE Monday, August 17, 2020 Financing Drug Development: What the Pandemic Has Taught Us
The industry acknowledges the value of the research funded by the National Institutes of Health (NIH), and in fact, is the biggest lobbyist for it. But they say that if NIH were to move downstream and actually finance the development of drugs and do clinical trials, they would turn into a bunch of bureaucratic bozos who couldn't do anything right.
(3 comments) SHARE Tuesday, May 12, 2020 The Pandemic's Catastrophic Hit to the Labor Market
There is some good news in this horrible picture, 78.3 percent of the unemployed are temporary layoffs, meaning they expect to get their old jobs back. That won't always be the case, but this is much better than the opposite.
(1 comments) SHARE Wednesday, April 22, 2020 The Washington Post's Debt Cult
The Washington Post is always telling us that debt, especially government debt is bad, very bad. It's not quite sure why or how, but debt is definitely bad. This piece is desperately trying to create a problem where one does not exist.
SHARE Monday, February 24, 2020 Bloomberg's 2008 Story About the Great Recession Is Still Racist and Untrue
The fact that Bloomberg made false and pernicious remarks about the housing bubble in 2008 isn't necessarily disqualifying, but that he was so quick to look in the direction of this blame-the-victim story does not speak well for him. If he is still pushing this line now, in spite of all the evidence showing it to be wrong, then it would be very hard to take his candidacy seriously.
SHARE Monday, February 17, 2020 Trump Wants to Inflict Severe Pain on Disabled Community Just Because He Can
The "need" to strip benefits from poor and working people to help maintain the lifestyles of the Mar-a-Lago set is one of the fundamental principles of Donald Trump and the Republican Party. The rich always "need" more tax cuts, so when budget deficits get in the way, those at the middle and bottom are just going to have to sacrifice.
SHARE Tuesday, December 31, 2019 Bill Greider and Secular Stagnation
Bill Greider died on Christmas day. Greider, who was 83, was an old-time journalist who believed that the job meant exposing the corruption of the rich and powerful, rather than becoming their friends in order to get inside stories.
SHARE Thursday, December 5, 2019 The Big Deal in Warren's Prescription Drug Plan
Drugs are almost invariably cheap to manufacture and distribute. They are expensive because government-granted patent monopolies make them expensive. We have this perverse situation where the government deliberately makes drugs expensive, then we struggle with how to pay for them.
(3 comments) SHARE Monday, November 11, 2019 The Effort to Impeach Trump Is Not a Distraction
Trump fully intends to use the power of government against his political opponents, and the current position of the Republican party is that if Donald Trump does it, it's fine.
(7 comments) SHARE Saturday, November 9, 2019 A Bold Plan to Strengthen and Improve Social Security Is What America Needs
The Social Security 2100 Act proposed by Connecticut Representative John Larson is getting closer to being passed by the House of Representatives. It now has more than 200 co-sponsors. If it were to be approved and become law, it would both improve the program's benefit structure and its financial picture.
(2 comments) SHARE Saturday, November 2, 2019 Mark Zuckerberg is a Rich Jerk
if Facebook wants to compete with print and broadcast outlets for advertising dollars, it should be held to the same rules as these outlets. There is no justification for special treatment for rich jerks from Harvard. There is no reason to waste any effort trying to convince Mark Zuckerberg what is good for democracy.
(5 comments) SHARE Friday, November 1, 2019 Economy Creates 128,000 Jobs in October; Unemployment Edges Up to 3.6 Percent
The economy is adding jobs at a healthy pace. There are signs of weakness in key sectors such as construction and manufacturing (even when pulling out the effect of the GM strike). Also, wage growth is surprisingly weak given the low unemployment rate, but there is no sign of a recession anywhere in sight.
(10 comments) SHARE Monday, October 28, 2019 Senator Warren's Answer on Taxes and Medicare for All is Exactly Right
The reporters are determined to make this a "she will raise your taxes story." This is an absurd narrowing of the issue. There is no reason that Warren should cooperate with their silly game. She is determined to talk about the substance of the issue, whether or not the reporters want to hear it.
SHARE Monday, October 14, 2019 Trump Has Been Giving Up Ground in His Much-Vaunted "Trade War"
Trump has put protecting the intellectual property of U.S. corporations front and center.
This is not a battle that most of us should want to see Trump win. Ordinary workers have no real interest in making people in China and elsewhere pay more for drugs, medical equipment, software, and other items to which US companies have intellectual property claims.