“The Fed is responsible for the financial markets. Financial markets hate inflation. Particularly bond markets. If the inflation rises, the Fed has to answer to them. If the unemployment rate is 6% and you could be down at 4% so… — Dean Baker Copy Share Image
I don't think "Reganomics" will ever fully end. I mean, Reaganomics, to put it simply, was trying to get low taxes for wealthy people.… — Dean Baker Copy Share Image
The elites hate to acknowledge it, but when large numbers of ordinary people are moved to action, it changes the narrow political world where the elites call the shots. Inside accounts reveal the extent to which Johnson and Nixon's conduct of the Vietnam War was constrained by the huge anti-war movement. It was the civil rights movement, not compelling arguments,… — Dean Baker Copy Share
I know many Europeans and I think many of them don't even believe me when I say that people in US don't have vacations.… — Dean Baker Copy Share Image
Economists and financial analysts are not like steelworkers or people in other occupations. They don't get evaluated based on their performance. They can mess… — Dean Baker Copy Share Image
Opening a small business is a reasonable thing for you to do but should tax payer, should an ordinary worker have to pay more… — Dean Baker Copy Share Image
“The Fed is responsible for the financial markets. Financial markets hate inflation. Particularly bond markets. If the inflation rises, the Fed has to answer… — Dean Baker Copy Share Image
