Dean Baker

Dean Baker

Senior economist at the Center for Economic and Policy Research (@ceprdc). Blog-- Beat the Press (@beat_the_press)

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@ModeledBehavior  Totally agree with Adam here. I've never been in the billionaire fan club, but it's hard to say that success of Tesla has just been good luck. That doesn't mean that Musk can't be a blowhard jerk at times.

#CPI lodging away from home up 3.3% in March, 25.1% YOY, now up 9.9 percent from pre-pandemic levels

One of the great paradoxes of the current economy: how can a overly tight labor market be driving inflation if the wage share of income is falling

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I'm convinced this is Musk's plan to help Trump's outfit by sinking Twitter.

@mattyglesias  and huge incentives for mistreatment -- if you can sell your new cancer drug for $200k, you don't care if it works or is even harmful

Contrary to what the Wall Street Journal tells you, millions of workers have not left the labor force If employment is below trend, look to immigration

Hey folks, here is the Fed's "financial obligation ratio" going back four decades. It shows the percent of disposable income that goes to rent, mortgage payments, as well as other forms of debt.

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The breakeven inflation rate on 10-year Treasury bonds is now 2.55 percent Markets are apparently not expecting spiraling inflation. Maybe someone could report on this fact? Seems important.

You can argue (accurately) that Biden's stimulus added to inflation, but we would still have inflation rates that are unacceptably high even if there had been no stimulus.

That may be right, but there should be a constant effort to promote the truth, so that everyone who accepts reality knows that high gas prices have nothing to do with Biden's policies.


In honor of the Republicans efforts to screw blue states, NY, CA and other states with high income taxes need to convert to 100 percent deductible employer-side payroll taxes. It's a great way to say "Merry Christmas" to President Trump

My favorite fun fact that few people know, if the minimum wage had kept pace with productivity growth since 1968, as it did from 1938 to 1968, it would be $24 an hour today

Okay, can we stop the he said/she said reporting on Biden's assertion that inflation is worldwide problem associated with the pandemic and the war. EU inflation has been 7.5 percent

The reason Trump is asserting, with zero evidence, that health care workers are stealing masks to resell is because that is what he would do in this situaton

Is there some reason @realDonaldTrump  can't follow the same conflict of interest rules as all prior presidents?

Some folks here are saying that the low unemployment rate is due to people dropping out of the labor force. The opposite is true. The prime age (ages 25 to 54) labor force grew by 2.4 million over the last year, an increase of 1.2 percentage points.

In response to tax cuts Kimberly-Clark announces layoffs of 5,500 workers (Everything that happens in the economy is due to the tax cuts, right?)

Just a reminder to the folks who are upset about the late counting in PA, MI, and WI. This is entirely due to Republican legislatures who refused to allow these ballots to be processed early, as they are in states like Florida.