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Dean Baker
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

Getting High On Interest Rates: What's New at the Fed

(36) Comments | Posted May 23, 2016 | 8:42 PM

The minutes from the most recent Federal Reserve Board Open Market Committee (FOMC) meeting indicate that many of its members are anxious to move forward with more interest rate hikes. The next hit could come as soon as June. This should have the country very worried.

Just for some basic...

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Can Donald Trump Teach Us About the National Debt?

(60) Comments | Posted May 16, 2016 | 7:25 PM

Many people might think that Donald Trump can only teach the country how to offend women, African Americans, and a range of non-European ethnic groups. While that may be his area of expertise, it seems that his rants on dealing with debt may actually provide a teachable moment. As a...

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Will the Trans-Pacific Partnership Turn Silicon Valley Into Detroit?

(85) Comments | Posted May 9, 2016 | 10:07 PM

The proponents of the Trans-Pacific Partnership (TPP) like to describe it as a free-trade deal for the 21st century. That might be a good sales pitch, but it's not accurate. The TPP has little to with reducing trade barriers, which in most cases were already low. The TPP can more...

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The Fed's Urge to Raise Interest Rates

(98) Comments | Posted May 3, 2016 | 9:20 AM

The Federal Reserve Board's Open Market Committee (FOMC) decided not to raise interest rates at its meeting last week. However, the FOMC also made clear that a rate hike was still an option for its June meeting.

The decision to put off a rate hike is good news, but...

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Scamming the Country's Veterans: Efforts to Privatize VA Health System

(280) Comments | Posted April 25, 2016 | 8:38 PM

There are few areas where there is more bipartisan support than the need to provide adequate health care for the country's veterans. While many of us opposed the war in Iraq and other recent military adventures, we still recognize the need to provide medical services for the people who put...

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Patently Absurd Logic On Budget Deficits and Debt

(26) Comments | Posted April 18, 2016 | 8:42 PM

It's spring and the budget deficit hawks are once again singing their scare songs about the deficit and the harm we are doing to our children. This is more infuriating than usual this year, with the story of the poisoning of the children of Flint fresh in our...

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Reining in CEO Pay: Market Discipline at the Top

(0) Comments | Posted April 11, 2016 | 8:45 PM

Ever wonder how top executives like former Republican presidential candidate Carly Fiorina can walk away with $100 million after nearly wrecking a major corporation? The answer is that the market doesn't work the same way at the top as it does for the rest of us. While most of us...

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A Trade Deal for the 21st Century: An Alternative to the TPP

(99) Comments | Posted April 4, 2016 | 9:09 PM

It looks like the major media outlets are doing their full court press to lay the groundwork for the passage of the Trans-Pacific Partnership (TPP). In recent weeks the news and opinion pages have been filled with articles and columns on the wonders of trade and why all good people...

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Think Trump's 45 Percent Tariffs Are Bad? Try Obama's 10,000 Percent Tariffs

(66) Comments | Posted March 28, 2016 | 8:26 PM

Lately the media have been going wild mocking Donald Trump's plans to put 45 percent tariffs on imports from China. They are partly right. It's not clever to indiscriminately impose large tariffs on major trading partners in violation of existing trade agreements.

On the other hand, the projections of...

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Fools or Liars On the Trans-Pacific Partnership?

(80) Comments | Posted March 21, 2016 | 8:34 PM

Given the recent flood of opeds and editorials on the wonders of the Trans-Pacific Partnership (TPP), the Obama administration must be about to present the deal to Congress for approval. Otherwise, it's hard to see why so many pieces would spontaneously appear...

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Global Inequality: Branko Milanovic Takes on the World

(0) Comments | Posted March 16, 2016 | 2:59 PM

Branko Milanovic is one of the world's leading experts on inequality, having spent decades at the World Bank studying patterns within and between countries, before recently joining the Luxemburg Income Studies Center team at City University in New York. He therefore brings an enormous scope of knowledge of recent and...

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The Year of the Angry Economists

(63) Comments | Posted March 14, 2016 | 8:40 PM

The economists are really angry this year. They have cause. Leading presidential candidates in both political parties are trashing the trade agreements that many have devoted their careers to promoting. This is not supposed to happen in the America they know.

Donald Trump has catapulted to the top...

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We Poisoned Kids in Flint to Keep Their Parents From Having Jobs

(62) Comments | Posted February 29, 2016 | 8:23 PM

We all understand the concept of trade-offs. If we spend more of our paycheck on restaurants, then we will have less money for rent. If we spend more time watching television we will have less time to read or do sports. There will often be similar sorts of trade-offs in...

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샌더스는 선거에서 돈의 역할을 바꾸었다

(0) Comments | Posted February 19, 2016 | 2:16 PM

*이 글은 CEPR의 공동 디렉터인 딘 베이커의 허핑턴포스트 블로그를 번역한 글입니다.

버니 샌더스는 선거 유세의 중심에 정치에서 돈이 맡은 부패한 역할을 놓았다. 그는 부자들이 주는 선거 자금이 선거 유세를 굴리기 때문에 부자들이 정치 절차를 조종할 수 있다고 주장했다. 그러면 우리는 월 스트리트와 보험 업계, 의약품...

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The Four Economists' Big Letter

(551) Comments | Posted February 19, 2016 | 12:56 PM

Everyone following the Democratic presidential primary race almost certainly heard about the Big Letter. Four former heads of the Council of Economic Advisers (CEA) under Democratic presidents signed an open letter condemning an analysis of Bernie Sanders' platform by University of Massachusetts economist Gerald Friedman.

The letter...

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Bernie Sanders, Hillary Clinton, and the Money

(281) Comments | Posted February 15, 2016 | 7:17 PM

Bernie Sanders has made the corrupting role of money in politics a centerpiece of his campaign. He has argued that because campaign contributions by the rich pay for political campaigns, they are able to control the political process. This gives us a political system that is very effective at serving...

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Financial Reform: It's About Improving the Financial System, Not 2008

(0) Comments | Posted February 8, 2016 | 7:18 PM

As the Democratic presidential race heats up, the debate on financial reform has taken a bizarre twist. Somehow the measure of a good reform is its ability to prevent another 2008-type financial crisis.

While it is reasonable to subject a reform agenda to the 2008 test, this should be...

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If Bill Gates Turned to Philanthropy: Publicly Funded Clinical Drug Trials

(0) Comments | Posted February 1, 2016 | 9:44 PM

High drug prices have been big news lately. Some of this has been due to straight out price gouging by the likes of Martin Shkreli, everyone's favorite young punk hedge fund tycoon and potential convict. However the more common problem stems from the exorbitant price charged for important new drugs...

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Bernie Sanders, Hillary Clinton, and Wall Street

(87) Comments | Posted January 25, 2016 | 7:29 PM

As the Democratic presidential primary heats up, one of the major issues has been which candidate has the better approach towards regulating Wall Street. While financial regulation can get into many complex areas, there are some basic points that people should know.

First, financial regulation always leaves enormous room for...

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Wall Street Rocks!

(48) Comments | Posted January 18, 2016 | 7:57 PM

For those who closely follow financial markets the first two weeks of 2016 have been the most fun since the financial crisis triggered by the collapse of the housing bubble. The market has lost more than 10 percent of its value since its late December peak, destroying more than $2...

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