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 […]
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By Deborah James / Center for Economic and Policy Research (CEPR) Executive Summary This report shows how Big Tech companies are working to constrain the ability of EU democratic bodies to regulate their activities in the public interest through “trade” agreements, which are binding and permanent. Digitalization is the defining economic transformation of our time. […]
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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 […]
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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 […]
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By Algernon Austin / CEPR In response to the Great Depression, the Works Progress Administration (WPA) created jobs for over 8 million people between 1935 and 1943. While data on the racial composition of WPA workers isn’t available for all of these years, the data we have for 1939, 1941, and 1942 make clear that the WPA […]
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