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Dean Baker
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Dean Baker is co-director of the Center for Economic and Policy Research in Washington, DC.

He previously worked as a senior economist at the Economic Policy Institute and an assistant professor at Bucknell University. His blog, Beat the Press, features commentary on economic reporting.

He received his Ph.D in economics from the University of Michigan.

He has written numerous books and articles, including The United States Since 1980, Cambridge University Press, March 2007; The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer, Center for Economic and Policy Research, 2006; Social Security: The Phony Crisis (with Mark Weisbrot), University of Chicago Press, 1999; "Asset Returns and Economic Growth," (with Brad DeLong and Paul Krugman), Brookings Papers on Economic Activity (2005); "Financing Drug Research: What Are the Issues," Center for Economic and Policy Research, 2004; "Medicare Choice Plus: The Solution to the Long-Term Deficit Problem," Center for Economic and Policy Research, 2004; The Benefits of Full Employment (with Jared Bernstein), Economic Policy Institute, 2004; "Professional Protectionists: The Gains From Free Trade in Highly Paid Professional Services," Center for Economic and Policy Research, 2003; "The Run-Up in Home Prices: Is It Real or Is It Another Bubble," Center for Economic and Policy Research, 2002. His book Getting Prices Right: The Battle Over the Consumer Price Index (M.E. Sharpe, 1997) was a winner of a Choice Book Award as one of the outstanding academic books of the year. He was also the author of the weekly online commentary on economic reporting, the Economic Reporting Review (ERR), from 1996 - 2006.

He has worked as a consultant for the World Bank, the Joint Economic Committee of the U.S. Congress, and the OECD's Trade Union Advisory Council.

His columns have appeared in many major media outlets including the Atlantic Monthly, the Washington Post, and the London Financial Times. He is frequently cited in economics reporting in major media outlets, including the New York Times, Washington Post, CNBC and National Public Radio.

Entries by Dean Baker

Bernie Sanders, Open Borders and a Serious Route to Global Equality

(538) Comments | Posted August 3, 2015 | 8:55 PM

Some progressives expressed dismay last week to discover that Bernie Sanders, the Vermont Senator and candidate for the Democratic presidential nomination, doesn't favor a policy of open immigration. While such a policy would undoubtedly allow billions of people in the developing world to improve their lives, there are not many...

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Social Security Trustees Report Without the Hysteria

(22) Comments | Posted July 27, 2015 | 11:40 PM

Every year the Social Security trustees issue their report on the financial condition of the program. In the past this release was generally accompanied by some serious deep breathing as reporters warned of multi-trillion dollar shortfalls and the impending bankruptcy of the program. This could be accompanied by appeals on...

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Wolfgang Schauble, the Hero of the Greek Austerity Crisis?

(51) Comments | Posted July 20, 2015 | 11:18 PM

Like many people following the negotiations between Greece and its creditors, I was inclined to see Wolfgang Schauble, Germany's finance minister, as the villain of the story. After all, Mr. Schauble insisted on severely punitive measures for Greece as a condition for continuing support from the European Central Bank (ECB)....

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Hard Work With Jeb Bush

(28) Comments | Posted July 14, 2015 | 12:40 AM

In describing his economic agenda last week, Republican president candidate Jeb Bush said that "people need to work longer hours." While he quickly tried to walk this one back, there can be little doubt that Mr. Bush meant what he said. It came in the context of describing his plans...

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The Wall Street Sales Tax Moves Away From the Children's Table

(86) Comments | Posted July 6, 2015 | 10:50 PM

For decades the idea of a financial transactions tax (FTT), in effect a modest sales tax on stock, bonds, derivatives and other financial assets, has been a fringe idea pursued by a small group of progressive politicians. While the concept had drawn the interest of many of the world's most...

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The Federal Reserve Board, Jobs and the Rewriting of Economic History

(13) Comments | Posted June 29, 2015 | 8:33 PM

As most people know, economists are good at rewriting history. We have seen this in the last few years as the collapse of the housing bubble and the ensuing downturn has been turned into one of those unavoidable tragedies that could not have been prevented. After all, no one could...

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The TPP, Drug Patents, and President Clinton

(65) Comments | Posted June 22, 2015 | 10:41 PM

There are many serious issues raised by the Trans-Pacific Partnership (TPP), but the one that may have the greatest long-term impact is its provisions on drug patents. The explicit purpose is to make patent protection stronger and longer. While these provisions are likely to lead to higher drug prices in...

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Rich People's Rules and the TPP

(100) Comments | Posted June 15, 2015 | 9:16 PM

Congress gave the American people and the world something to celebrate last Friday. The House of Representatives refused to pass the package of bills that would have given President Obama fast-track authority for the Trans-Pacific Partnership (TPP). This was a huge victory for a campaign led by labor unions, environmentalists,...

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The Trade Deficit and the Weak Job Market

(36) Comments | Posted June 8, 2015 | 10:52 PM

It is often said that the economy is too simple for economists to understand. This is clearly the story with the continuing weakness of the job market and the trade deficit. We are still down more than 3 million jobs from our trend level even with May's strong growth. It...

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The Federal Reserve Board's Payroll Tax on our Children

(23) Comments | Posted June 1, 2015 | 9:58 PM

The deficit hawks appear to be making a comeback, at least in the media, if not among the public at large. This isn't surprising since we have billionaires prepared to spend large chunks of their money to scare people about the deficit, regardless of how unimportant...

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Bernie Sanders Takes It to Wall Street With Financial Transactions Tax

(308) Comments | Posted May 25, 2015 | 8:45 PM

Last week, Bernie Sanders, the Senator from Vermont and only announced challenger to Hillary Clinton for the Democratic nomination, took a strong stand for everyday people. He proposed a financial transactions tax (FTT), effectively a Wall Street sales tax, and to use the revenue to make public colleges tuition free....

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The Incredible Arrogance of the Trans-Pacific Partnership Crowd

(48) Comments | Posted May 18, 2015 | 10:16 PM

There are few policies that show the split between elite opinion and everyone else as clearly as trade policy. On trade we see a remarkable convergence of the leadership of both parties against their base, with the elites firmly behind the leadership against what they view as the ignorance of...

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The March Trade Deficit and the Trans-Pacific Partnership

(38) Comments | Posted May 11, 2015 | 9:14 PM

The jump in the March trade deficit, coupled with the weak job numbers for the last two months, should highlight the importance of including rules on currency in trade agreements. Such rules could ensure that the dollar does not remain over-valued and prevent the economy from reaching full employment.

...
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The Reconnection Agenda: The Fun and Easy Route to Broadly Shared Prosperity

(0) Comments | Posted May 6, 2015 | 2:29 PM

Jared Bernstein, long-time D.C. policy wonk and formerly Vice-President Joe Biden's chief economist, has a new book, The Reconnection Agenda: Reuniting Growth and Prosperity, which lays out his agenda for ensuring that the gains from growth are broadly shared. Unfortunately, you are not likely to see this book...

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Celebrating the Flash Crash with a Wall Street Sales Tax

(73) Comments | Posted May 4, 2015 | 9:07 PM

This week marks the fifth anniversary of the flash crash. For those who don't remember, the Flash Crash was when the stock market lost almost nine percent of its value from its opening level, with most of this decline occurring in a five-minute period.

The market quickly...

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Hit Job: Daniel DiSalvo on Public Sector Unions

(0) Comments | Posted May 3, 2015 | 1:18 PM

Daniel DiSalvo doesn't like public sector unions. That is the main takeaway from Government Against Itself (Oxford University Press) DiSalvo's new book on public sector unions. In the course of reading the book, they are likely to conclude that he is not especially fond of unions or workers, in general....

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The Battle Over the Trans-Pacific Partnership and Fast-Track Gets Hot

(32) Comments | Posted April 27, 2015 | 10:04 PM

President Obama must be having trouble getting the votes for fast-track authority since the administration is now pulling out all the stops to push the deal. This has included a press call where he apparently got testy over the charge by critics that the Trans-Pacific Partnership (TPP) is...

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The Simple Progressive Economic Agenda for Hillary Clinton (or Anyone Else)

(7) Comments | Posted April 20, 2015 | 8:41 PM

In the week since Secretary Clinton announced she is entering the presidential race, there have been numerous stories asking about the agenda that she will adopt in her campaign. In her announcement video, she indicated she wanted to be a champion for the average worker against the wealthy.

While...

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Bonanza for the Super Rich: The Fund Managers' Tax Break

(116) Comments | Posted April 13, 2015 | 9:27 PM

The reason most of us have seen little gain from economic growth over the last three decades is that the rich have rigged the rules to ensure that money flows upward. Through their control of trade policy, Federal Reserve Board policy, and other key levers of government, they have structured...

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The Terrible Twos: Central Bank Inflation Targets

(15) Comments | Posted April 6, 2015 | 10:57 PM

The March job numbers came in somewhat worse than most analysts had expected. The slower job growth was largely attributable to unusually bad weather in late February and early March, but most of the commentators seem to be missing this fact. Many are warning that the economy might...

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