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.
Everyone who carefully follows the news about the economy knows that we are in the middle of the Second Great Depression. On the other hand, those who read less news, but deal with things like jobs, wages, and bills probably think the economy is pretty damn good. We got more evidence on the pretty damn […]
The post The Good and Better News About the Economy appeared first on Center for Economic and Policy Research.
The New York Times had a major article reporting on how many people in South Korea, Hong Kong, and Japan are being forced to work well into their seventies because they lack sufficient income to retire. The piece presents this as a problem of aging societies, which will soon hit the United States and other […]
The post Contrary to What the NYT Tells You, the Problem in An Aging Society is Distribution appeared first on Center for Economic and Policy Research.
You have to wonder if job applicants at the New York Times are tested on their mind-reading ability.
The post More Mind Reading at the NYT: Tells Readers U.K. Prime Minister, Rishi Sunak’s Real Concern Is the Working Class appeared first on Center for Economic and Policy Research.
It seems that the NYT wants to push a story of declining homeownership rates, but the data refuse to cooperate, so they ignore it.
The post The NYT Doesn’t Have Access to Census Data: We Do Not Have a Record Number of Renters appeared first on Center for Economic and Policy Research.
On behalf of Dean and everyone at CEPR, many thanks for supporting us this past year. If you haven’t already, please consider donating to CEPR this holiday season.
The post Dear BTP Readers appeared first on Center for Economic and Policy Research.
Since coming to Washington more than three decades ago, I have spent much of my time working on retirement income. The biggest part of that story was defending Social Security, which leaders in both parties were anxious to cut. This defense was largely successful, as the efforts to privatize it in the 1990s and under […]
The post Big Victory on Retirement Income in Omnibus Spending Bill appeared first on Center for Economic and Policy Research.
One not so good item in the package of retirement fund provisions in the omnibus funding bill raises the age for mandatory distributions from retirement accounts from 72 to 75. This is phased in over a decade, but it does go up immediately to 73 in 2023. It had already been raised from 70.5 years […]
The post Quick Note on Minimum Age for Mandatory Retirement Fund Distributions appeared first on Center for Economic and Policy Research.
It’s great that we are finally getting some honest discussion of the role of trade in increasing inequality, but we still need to get recognition of the impact of our policies on intellectual property.
The post Industrial Policy Is Not a Remedy for Income Inequality appeared first on Center for Economic and Policy Research.