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Monday Smackdown Watch: Paul Krugman Admonishes Me on My Making Out of Milton...
Paul Krugman: Milton, Money, and Interest Rates: “I have a moderate disagreement with Brad DeLong… …[who] has been arguing that demands for tight money are, in fact, contrary to the bankers’ own...
View ArticleMust-Read: Dean Baker: Growth Falls Off Sharply in Third Quarter
Must-Read: Dean Baker: Growth Falls Off Sharply in Third Quarter: “The economy grew at a 1.5 percent annual rate in the third quarter… …a sharp slowing from the 3.9 percent rate reported for the second...
View ArticleMust-Read: Dean Baker: The Upward Redistribution of Income: Are Rents the Story?
Must-Read: Contra Dean Baker, I suspect that Thomas Piketty would say that the ability of the rich to manipulate property rights and market power in order to keep the rate of profit high even as the...
View ArticleMust-read: Dean Baker: “The Upward Redistribution of Income: Are Rents the...
Must-Read: Contra Dean Baker, I suspect that Thomas Piketty would say that the ability of the rich to manipulate property rights and market power in order to keep the rate of profit high even as the...
View ArticleMust-read: Dean Baker: “The Fed and the Quest to Raise Rates”
Must-Read: Dean Baker: The Fed and the Quest to Raise Rates: “The justification for raising rates is to prevent inflation from getting out of control… …but inflation has been running well below the...
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Must-read: Dean Baker: “Prime-Age Workers Re-Enter Labor Market”
Must-Read: The Federal Reserve is looking at the past six months and seeing significant improvement in the labor market. It is also looking at financial markets and seeing increased pessimism about...
View ArticleMust-read: Dean Baker: “The Elite’s Comforting Myth: We Had to Screw Rich...
Must-Read: Dean Baker: The Elite’s Comforting Myth: We Had to Screw Rich Country Workers to Help the World’s Poor: “Roger Cohen gave us yet another example of touching hand-wringing from elite types…...
View ArticleMust-Read: Dean Baker: George Will and the Fed: Do Low Interest Rates...
Must-Read: Low interest rates redistribute wealth upward, but they do not redistribute income upward. Rather, in the present they create not income but capital gains on old capital owned by rich, and...
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