Dean Baker's Blog, page 577
July 13, 2010
The Attack of the Real Black Helicopter Gang: The IMF Is Coming
The Attack of the Real Black Helicopter Gang: The IMF Is Coming for Your Social Security
Dean BakerTruthout, July 12, 2010
Drunk Driving at BP
Dean Baker
The Guardian Unlimited, July 12, 2010
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July 9, 2010
Time to Put the Deficit Commission Out of Our Misery
Time to Put the Deficit Commission Out of Our
Dean BakerTruthout, July 6, 2010
Republicans: The Party of Unemployment
The Guardian Unlimited, July 6, 2010
The Right Prescription for an Ailing Economy
The Nation, June 30, 2010
Boehner Puts Democrats on the Spot
TPMCafé, June 30, 2010
Is Advice from the IMF Better than Advice from a Drunk in the Street?
The Guardian Unlimited, June 28, 2010
En Español
June 26, 2010
Soothing the Spirits of the Restless Bond Market
Soothing the Spirits of the Restless Bond Market
Dean BakerThe Guardian Unlimited, June 21, 2010
America Speaks Back: Derailing the Drive to Cut Social Security and Medicare
Dean Baker
Truthout, June 21, 2010
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June 16, 2010
Page2RSS Monitored Page: Dean Baker's Op-Eds
December 31, 1969
Opponents of Obamacare Predict a Hiring Boom
That's what they would expect if they ever took their own arguments seriously. The claim that the bill was a job-killer hinged on the notion that the penalties applied to firms with more than 50 workers who did not provide insurance would discourage hiring. The penalties also supposedly encouraged firms to reduce hours since they only applied to workers who worked more than 30 hours a week.
The economy should have already been seeing the negative impact of these requirements (contrary to what...
Wall Street Journal Needs Education on Oil Markets
The WSJ told readers that people in the United States are much better off today because of increased North American oil production, which it claims has led to more stability in world oil prices. It contrasts the current situation to the instability of 8 years ago:
"The group, made up of business executives, former diplomats and retired military leaders, hosted "Oil ShockWave" simulations, inviting former senior policy makers to role-play responses to hypothetical oil-market disruptions. Forme...
The Huge Variance in Wages of Male College Grads Discourages College Enrollment
Eduardo Porter's column on the drop in college graduation rates in the United States relative to other wealthy countries ignored the large variance in the wages of male college grads. While there is little dispersion for the wages of women who graduate college, this is not the case for men.
There are a substantial number of male college graduates who can anticipate wages that are less then the top quartile of men without college degrees. The marginal college graduate is presumably more likely...
Nocera Largely Right on Fannie and Freddie
Joe Nocera gets the story mostly right in his skepticism toward a bill put forward by Senators Mark Warner and Bob Corker that would replace Fannie and Freddie with a convoluted system of government guarantees. I would add three points.
First, the 30-year fixed rate mortgage is not necessarily dependent on a government guarantee. In the pre-bubble days banks did hold a substantial portion of the mortgages on their books. They also issued 30-year jumbo mortgages which could not be guaranteed b...
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