Beat the Press

Beat the press por Dean Baker

Beat the Press is Dean Baker's commentary on economic reporting. He is a Senior Economist at the Center for Economic and Policy Research (CEPR). To never miss a post, subscribe to a weekly email roundup of Beat the Press. Please also consider supporting the blog on Patreon.

There are good reasons to believe that inflation is more likely heading lower than higher. This means the Fed should be cautious in its moves and wait to get a clearer picture of the problem it is facing.
There are good reasons to believe that inflation is more likely heading lower than higher. This means the Fed should be cautious in its moves and wait to get a clearer picture of the problem it is facing.
The key point, that is repeatedly misrepresented in this piece, is that the harm to the working class in the last four decades was the result of deliberate policy, not something that just happened.
The key point, that is repeatedly misrepresented in this piece, is that the harm to the working class in the last four decades was the result of deliberate policy, not something that just happened.
In the old days, we might have thought that too many goods, with too few buyers, might have meant lower prices.
In the old days, we might have thought that too many goods, with too few buyers, might have meant lower prices.
We don’t want to see anything like the surge in unemployment from the 1981–82 recession, especially if it’s intended to combat an inflation problem that does not exist.
We don’t want to see anything like the surge in unemployment from the 1981–82 recession, especially if it’s intended to combat an inflation problem that does not exist.
If workers are experiencing serious hardship today, things must have been really awful for them in December 2019, when most workers had lower real wages.
If workers are experiencing serious hardship today, things must have been really awful for them in December 2019, when most workers had lower real wages.
While everyone has been seeing the huge rise in gas prices over the last year, used car prices have risen almost as rapidly.
While everyone has been seeing the huge rise in gas prices over the last year, used car prices have risen almost as rapidly.
For political purposes it is very much to the advantage of these powerful elites to pretend that their wealth is just the result of the free market, but it is not true, and it is gaslighting to pretend it is.
For political purposes it is very much to the advantage of these powerful elites to pretend that their wealth is just the result of the free market, but it is not true, and it is gaslighting to pretend it is.
Do we want good health care, or are we more interested in making a small number of people very rich.
Do we want good health care, or are we more interested in making a small number of people very rich.
If we can get the pandemic under control, the supply problems we are now seeing (along with pretty much every other wealthy country) will dissipate over the course of the year.
If we can get the pandemic under control, the supply problems we are now seeing (along with pretty much every other wealthy country) will dissipate over the course of the year.

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