June 30, 2022

30 09:34:00 Junio 2022

Data show that people are paying capital gains tax on the money they made in the stock market, not spending down savings.

• Economic Crisis and RecoveryCrisis económica y recuperaciónUnited StatesEE. UU.

Solar Power, Time, and Steel: Someone Needs to Tell the NYT That It’s Not 2021 Anymore

By Dean BakerDean Baker

June 30, 2022

30 05:27:00 Junio 2022

The price of a ton of the steel highlighted in the May 2021 piece is now down more than 40 percent from its May 2021 price.

• InequalityLa Desigualdad

A Cold War with China, Global Warming, and Why We Can’t Have Nice Things

By Dean BakerDean Baker

June 23, 2022

23 16:34:00 Junio 2022

It would be truly ironic if we were to transfer still more income upward, with increased subsidies for research and development, with the gains locked down by a small elite with their patent and copyright monopolies.

• Intellectual PropertyPropiedad IntelectualUnited StatesEE. UU.

Neoliberals Do Not Like a Free Market, but They Want You to Think They Do

By Dean BakerDean Baker

June 19, 2022

19 14:06:00 Junio 2022

Neoliberal types are just fine with all sorts of government interventions that redistribute income upward. They just get upset when the government intervenes in ways that redistributes from those on top to the rest of us.

• Economic Crisis and RecoveryCrisis económica y recuperaciónUnited StatesEE. UU.

Washington Post Goes Full Looney Tunes in Whipping Up Recession Hysteria

By Dean BakerDean Baker

June 19, 2022

19 06:10:00 Junio 2022

If Washington Post reporters and editors had access to the Washington Post, they would know that the Federal Reserve Board was ostensibly worried about the economy growing too rapidly, thereby triggering inflation.

• Economic Crisis and RecoveryCrisis económica y recuperaciónEconomic Policy

Will CNN Put Donald Trump Back in the White House?

By Dean BakerDean Baker

June 16, 2022

16 09:00:00 Junio 2022

The network’s coverage of the economy has been inflation, inflation, inflation 24-7. But inflation is not the whole story of the economy. We also have unemployment that is near 50-year low. That is a really big deal.

• Economic Crisis and RecoveryCrisis económica y recuperación

How Do We Get a Wage-Price Spiral When Wage Growth Is Slowing?

By Dean BakerDean Baker

June 12, 2022

12 10:00:00 Junio 2022

The pattern of wage-growth we are seeing is not consistent with a wage-price spiral story. The Fed would be making a bad mistake if it raises rates as though it were responding to one.

• InequalityLa Desigualdad

Socialism Ain’t What It Used to Be: Ezra Klein Interview with Bhaskar Sunkara

By Dean BakerDean Baker

June 11, 2022

11 07:00:00 Junio 2022

Liberal/left parties around the world in recent decades, have not only often supported policies that weakened unions, but they have also supported policies that directly redistribute money from the traditional working class to people with more education.

• Economic Crisis and RecoveryCrisis económica y recuperación

The Not Very Good May Price Report

By Dean BakerDean Baker

June 10, 2022

10 18:30:00 Junio 2022

It’s pretty hard to be happy about the May CPI report. It means lower real wages for workers and is another big piece of uncertainty in an economy shaking from both the pandemic and the war.

Washington Post Says Most Americans’ Economic Models Project Uptick in Inflation

By Dean BakerDean Baker

June 09, 2022

09 11:34:00 Junio 2022

With the media’s coverage of the economy focusing almost exclusively on inflation, it is not surprising that most people would expect inflation to pick up.