Finance and crypto are waste and a drag on the economy Dean Baker As everyone learns in Econ 101, and immediately forgets, the purpose of…
Dean Baker
NYT headlines article “Public tired of ‘neoliberal’ policies designed to make the rich richer” – Dean Baker Of course, the New York Times did not…
The post NYT headlines article first appeared on Economic Reform Australia.By Dean Baker / Beat the Press (CEPR) There is a standard tale of politics where conservatives want to leave things to the market, whereas the left want a big role for government. The right likes to tell this story because it advantages them politically, since most people tend to have a positive view of […]
The post The Silicon Valley Bank Bailout: The Purpose of Government Is to Make the Rich Richer appeared first on scheerpost.com.
By Dean Baker / Beat the Press (CEPR) An item in Ezra Klein’s NYT column yesterday really grabbed by attention. Ezra cited a Wall Street Journal column that claimed that the Federal Reserve Board’s stress tests would not have detected Silicon Valley Bank’s (SVB) problems, because its stress tests did not consider interest rate risk. This struck me as […]
The post ‘Regulation’ Is Not a Mantra appeared first on scheerpost.com.
By Dean Baker / Beat the Press (CEPR) The January data on consumer expenditures released yesterday had a lot of people freaking out. The story is that the Fed is going have to get out the big guns to really shoot inflation down. For those of us hoping that inflation would come down, without a […]
The post Is Inflation Out of Control, Again? appeared first on scheerpost.com.