Publications

Article Artículo

Why We Do This Crap: Review of The Ends of Freedom, by Mark Paul

Mark Paul has done a useful public service in etching out the goals of progressive economic policy. Many of us get bogged down in debate over things like whether the Average Hourly Earnings series is more accurate than the Employment Cost Index, or whether Section 230 protection is giving Facebook, Twitter and other Internet giants a subsidy compared to competitors in print and broadcast media.

Dean Baker / July 25, 2023

Article Artículo

The Fed Needs to Take Stock

In the last sixteen months, we have seen the fastest run-up in interest rates since Paul Volcker declared war on the 1970s inflation spiral. The Fed’s rate hikes to date have had less impact in slowing the economy and job growth than almost anyone anticipated, including the Fed itself. Nonetheless, inflation has slowed sharply by every measure, as has wage growth. We are now approaching rates of wage and price growth that are close to the Fed’s target. Given this situation, it is important that

Dean Baker / July 24, 2023

Article Artículo

Patent Monopolies Lead to Corruption #64,526

The New York Times ran a piece this morning claiming that Gilead delayed the introduction of a new drug for treating HIV because it wanted to take full advantage of the patent life for its drug Truvada, which was a huge blockbuster for the company. The new drug has a patent life that runs to 2031. Truvada’s patent expired in 2017.

Dean Baker / July 22, 2023

Article Artículo

Governor DeSantis Says He Would Sue the Drug Company Gilead for Trying to Save Lives

Dean Baker / July 22, 2023

Article Artículo

Globalization and Trade

IMF

IMF Surcharges

World

IMF Surcharge Fees Hurt Those the Fund Is Meant to Help

In theory, IMF “surcharges” dissuade borrowers from depending on IMF credit. In practice, they punish the countries least equipped to pay, siphoning vital resources from social spending.

Michael Galant and Francisco Amsler / July 21, 2023

report informe

Government

Intellectual Property

United States

Workers

Professor Stiglitz’s Contributions to Debates on Intellectual Property

While much of Professor Stiglitz’s work has involved showing us how markets don’t work the way the standard textbook story tells us, his work on intellectual products has largely been about reminding us about the role of government in structuring markets.

Dean Baker / July 21, 2023

Article Artículo

The Chinese Need To Stay Poor Because the United States Has Done So Much To Destroy the Planet

Dean Baker / July 21, 2023

Article Artículo

Will Trump Cry “Stop the Steal” if DeSantis Wins the Primary?

What would happen if anyone other than Trump were to win the Republican primary? Would Trump accept the result, or would we see a repeat of “stop the steal?"

Mark Weisbrot / July 19, 2023

Article Artículo

Government to Consider Alternatives to Patent Monopoly Financing of Drug Development

Dean Baker / July 19, 2023

Article Artículo

Haiti

Jovenel Moïse

US Foreign Policy

Haiti News Round-Up No. 3: Two Years Since the Assassination of Haiti’s President

July 7 marked two years since President Jovenel Moïse’s assassination. The Office of Civil Protection in Haiti denounced the “unacceptable slowness”

Jake Johnston and Chris François / July 18, 2023

Article Artículo

Ariel Henry

Haiti

Jovenel Moïse

Latin America and the Caribbean

US Investigation into Haiti Assassination Is an Opportunity to Right Past Wrongs

The investigation into the assassination of President Jovenel Moïse of Haiti presents an opportunity not just to address a long legacy of impunity and injustice in Haiti but also to reset US-Haiti relations.

Jake Johnston / July 13, 2023

Article Artículo

The Labor Market for Black Workers Is Good, But Not Quite as Good as Some Claim

Some observers are celebrating the closing of the White-Black employment rate gap, but that is misleading as they are not fully understanding the overall trends.

Algernon Austin / July 12, 2023

Article Artículo

IMF

Special Drawing Rights

World

Immediate Help for Developing Countries Is Available, But the US Treasury Department Is Blocking It

It makes no sense for Treasury to block aid, which can save hundreds of thousands of lives in the world, as well as jobs in the US– all at zero cost to the US budget.

Mark Weisbrot / July 12, 2023

Article Artículo

Health and Social Programs

Healthcare

Private Equity

Letter to ERISA Advisory Council on Private Equity and Life Insurance and Annuity Companies

I am Dr. Eileen Appelbaum, Co-Director of the Center for Economic and Policy Research in Washington, DC. I have been studying private equity’s role in the U.S. economy since 2010.

Eileen Appelbaum / July 11, 2023

Article Artículo

Consumer Price Index

Economic Crisis and Recovery

United States

Preview: What to Look for in the June CPI

Dean Baker / July 10, 2023

Article Artículo

Mixed Progress in the Fight Against Inequality and for Democracy

Dean Baker / July 09, 2023

Jobs Byte Artículo

Economy Adds 209,000 Jobs in June, Unemployment Edges Down to 3.6 Percent

The June jobs report, on the whole, has to be seen as very positive. The small drop in the unemployment rate meant that the May rise was not the beginning of a trend.

Dean Baker / July 07, 2023

Article Artículo

June Jobs Preview: What to Expect in the June Jobs Report

The job market has been looking much more normal in recent months, although it is still arguably creating jobs at a faster rate than can be sustained over any substantial period. Wage growth has slowed markedly from its pace at the start of 2022. The recent pace of wage growth, as measured by the Average Hourly Earnings series, is only slightly higher than what we saw in 2018-2019. If this story continues with the June data, the Fed should be getting to the point where it can declare victory ove

Dean Baker / July 06, 2023

Article Artículo

The New York Times Has Decided We Need to Cut Social Security and Medicare

Dean Baker / July 06, 2023

Article Artículo

Ecuador

Elections 2023

Latin America and the Caribbean

Ecuador News Round-Up No. 2: How Tax Havens, Referenda, and Worsening Security May Affect the Elections

In the two weeks since the registration deadline for the presidential elections, Ecuador’s electoral authorities have initiated the candidate vetting process.

Pedro Labayen Herrera / July 06, 2023

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