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Baker: Waterboard the Fed?
Znet Article, May, 28 2009
Dean Baker
Baker's ZSpace page
To my knowledge, no one has proposed waterboarding the Fed. However, the response of much of the country's political leadership to the suggestion that the Government Accountability Office (GAO) audit the Federal Reserve Board might lead people to ...
Baker: The Bankrupt Debate Over Bankrupting Our Children
Znet Article, May, 17 2009
Dean Baker
Baker's ZSpace page
Suppose that the federal government decided to give every newborn baby $200,000. That might seem like an extremely generous gift. However, by the peculiar accounting of those who claim to be watchdogs for future generations, this policy would be b...
Baker: Systematic Risk Regulators and the Power of Arithmetic
Znet Article, May, 06 2009
Dean Baker
Baker's ZSpace page
The current craze in DC policy circles is to create a "systematic risk regulator" to make sure that the country never experiences another economic crisis like the current one. This push is part of a cover-up of what really went wrong and does abso...
Baker: The Tyranny of Bad Economics
Znet Article, April, 21 2009
Dean Baker
Baker's ZSpace page
It is often said that the there are few forces as destructive as the power of bad economics. Rarely has this been more clearly demonstrated than in the current crisis.
Baker: The Need to Tax the Wealthy
Znet Article, April, 17 2009
Dean Baker
Baker's ZSpace page
The quest to increase taxes on the wealthy is not a gratuitous attack on upper income households; it is driven by the need to raise more revenue to run the government. While many deficit hawks been irresponsible in raising fears of an impending co...
Baker: Unemployment Jumps to 8.5 Percent, Economy Sheds 663,000 Jobs
Znet Article, April, 03 2009
Dean Baker
Baker's ZSpace page
The unemployment rate jumped to 8.5 percent in March as the economy shed another 663,000 jobs according to the Bureau of Labor Statistics. With the job loss reported for March, and upward revisions of 84,000 for the prior two months, the economy h...
Baker: The Geithner Plan: Billions More for Failed Banks
Znet Article, March, 24 2009
Dean Baker
Baker's ZSpace page
Treasury Secretary Timothy Geithner's latest bank bailout plan is another Rube Goldberg contraption intended to funnel taxpayer dollars to bankrupt banks, without being overly visible about the process. The main mechanism is a government guarantee...
Baker: The Battle Over the A.I.G. Bonuses: Class War in the Media
Znet Article, March, 23 2009
Dean Baker
Baker's ZSpace page
The debate over the A.I.G. bonuses is class war in its full naked glory. On the surface, everyone agreed that paying multi-million bonuses to the folks who bankrupted their company and handed the taxpayers a bill for $170 billion ($2,300 for a fam...
Baker: East Asia's Revenge: The Crash of the Housing Bubble
Znet Article, March, 11 2009
Dean Baker
Baker's ZSpace page
In the matter of a few short weeks in the summer of 1997 the thriving countries of East Asia saw their economies overwhelmed by a financial tsunami. First Thailand and Indonesia, and then South Korea and Malaysia, saw investors panic and watched c...
Baker: Strengthening Worker Retirement Security
Znet Article, March, 09 2009
Dean Baker
Baker's ZSpace page
Strengthening Worker Retirement Security Testimony of Dean Baker Before the House Committee on Education and Labor Hearing on Strengthening Worker Retirement Security
Baker: Unemployment Jumps to 8.1 Percent as Job Loss Accelerates
Znet Article, March, 06 2009
Dean Baker
Baker's ZSpace page
This report shows that recent economic projections were overly optimistic.
Baker: Are We Really Nostalgic for the Great Depression?
Znet Article, March, 03 2009
Dean Baker
Baker's ZSpace page
The Washington policy debates of the last week would almost make a casual observer believe that the nation's political leadership is in fact nostalgic for the good old days of the Great Depression when the country suffered double-digit unemploymen...
Baker: Housing Price Decline Accelerates
Znet Article, February, 27 2009
Dean Baker
Baker's ZSpace page
Housing aid should be focused on nonbubble markets.
Baker: Plunder and Blunder; How the 'Financial Experts' Keep Screwing You
Znet Article, February, 07 2009
Dean Baker
Baker's ZSpace page
An excerpt from Plunder and Blunder: The Rise and Fall of the Bubble Economy by Dean Baker, published by PoliPoint Press, 2009.
Baker: Employment Free Fall Continues, Unemployment Rate Jumps to 7.6 Percent
Znet Article, February, 06 2009
Dean Baker
Baker's ZSpace page
The January employment report showed the economy losing 598,000 jobs in the month...
Baker: Time for Bank Rationalization
Znet Article, February, 03 2009
Dean Baker
Baker's ZSpace page
Leaks in the media indicate that the banks are about to inhale another helping of taxpayer dollars. This round is likely to be considerably larger than the $350 billion that they swallowed in the bailout last October.
Baker: The Anti-Stimulus Crowd Blows a Gasket
Znet Article, January, 26 2009
Dean Baker
Baker's ZSpace page
The anti-stimulus crowd is getting desperate. The possibility that a young charismatic new president will push through an ambitious package that begins to set the economy right is truly terrifying to this crew. After all, if the economy begins to ...
Baker: President Obama's Big Stimulus
Znet Article, January, 25 2009
Dean Baker
Baker's ZSpace page
There is much to celebrate this week. Topping the list of course is President Obama's inauguration. There is good reason to believe that we have seen power pass from one of the country's worst presidents to one of its best.
Baker: Redefining Chutzpah: Wall Street Goes After Social Security, Again
Znet Article, January, 14 2009
Dean Baker
Baker's ZSpace page
Many people, most notably investment banker and Concord Coalition founder Peter Peterson, have questioned the solvency of Social Security based on the fact that its trust fund is held in U.S. government bonds. Peterson and others derisively refer ...
Baker: Free Market Myth
Znet Article, January, 06 2009
Dean Baker
Baker's ZSpace page
Regulation is everywhere. Let's choose who benefits.
