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Dean BakerHuffPost |
The tax-sheltered account route favors higher-income people. Over a quarter of households owe no income tax, meaning they would get no benefit...
Key Takeaways I usually find Claire Cain Miller’s pieces in the New York Times very useful, but her piece on Trump accounts
I usually find Claire Cain Miller’s pieces in the New York Times very useful, but her piece on Trump accounts badly misled readers in three ways....
The June jobs report gave a decent picture on jobs growth, even if there were somewhat fewer jobs than most
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The June jobs report gave a decent picture on jobs growth, even if there were somewhat fewer jobs than most analysts had predicted. At 57,000, the...
I usually find Claire Cain Miller’s pieces in the New York Times very useful, but her piece on Trump accounts badly misled readers in three ways....
People’s negative assessments of the economy continue to be somewhat of a mystery. The recent run-up in gas prices and
People’s negative assessments of the economy continue to be somewhat of a mystery. The recent run-up in gas prices and inflation more generally is...
For the last several years I’ve been using real spending at fast food restaurants as a gauge for assessing how the non-rich are feeling about their...
For folks who might have missed it, abundance is the cool trend in politics these days. It got started with the book Abundance, which was co-authored...
Here are the price-to-earnings ratios as of Friday, June 19. At 37.16, the average increased slightly over last week. Most of us tend to think that...
Remember Elon Musk running around in his DOGE garb with sunglasses and a chainsaw? The Republicans are hoping that you don’t. The ostensible point...
I was not an Alan Greenspan fan, but I will give him some serious credit on his passing. I’ll also give him serious blame for missing two huge...
Common Dreams is funded exclusively by readers tired of news beholden to corporate interests. Our monthly supporters are the backbone of what makes...
This week was the first meeting under new Fed Chair Kevin Warsh of the Federal Reserve Board’s Open Market Committee (FOMC). Warsh has promised to...
SpaceX headquarters, Bolsa Chica, Texas. Photo: Alexander Hatley, Wikimedia Commons. CC BY 2.0Last week was a big one for the AI bubble. SpaceX had...
I know I promised inflation talk, but I forgot to check the timing of the release of the Import Price Index, which will not be out until Tuesday. So,...
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The inflation data released yesterday and today were bad and worse. The CPI increased 0.5 percent in May, while the core rose 0.2 percent. That...
The release of the 2026 Social Security Trustees Report got the usual suspects (a.k.a. “very serious people”) genuflecting about the large...
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The May Jobs report was stronger than most people, including me, had expected. The 172,000 jobs created is not exactly earth-shattering, but in a...
Last year the major anomaly in the labor market seemed to be that we were seeing very weak job growth and only a limited rise in the unemployment...
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Cancelling Billion: Cancelling Billionaires Before They Cancel Us: The Urgent Case for a Wealth Tax By Linda McQuaig and Neil Brooks Dundurn Press...
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With many left-of-center types coming up with their plans for reforming healthcare, in the event the Democrats retake the White House in 2028, I...
When the Commerce Department released April data on consumption, the uptick in reported inflation got most of the attention. While that is big news,...
I thought I’d take advantage of a lazy Memorial Day to re-up some of my standard complaints about the world and the quality of the information we...
The collapse of both the ’90s tech bubble and the ’00s housing bubble had a devastating impact on the lives of tens of millions of workers. And...
On Wednesday, the Washington Post ran a short piece with the headline, “Musk’s SpaceX Discloses Massive Losses Ahead of Expected Record-Breaking...
Last week, I was briefly sent into a rage, throwing ketchup against the wall, when I saw that one of the Murdoch sons was buying up Vox Media. After...
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As we all wait for reality, and/or China, to catch up with the Silicon Valley AI boys, it might be a good time to go back in time a bit and see what...
I have no idea how smart or stupid Elon Musk actually is. Unlike Donald Trump, I don’t do IQ testing. But like everyone else in the world, I can...
When Trump decided to whack us with his “liberation day” tariffs last April, he assured us that exporters would eat the tariffs, so that consumers...
I will be the first to admit that comparing GDP growth across countries is generally a silly exercise. We care about how people are living: can they...
Back when George W. Bush was doing his big drive to privatize Social Security, I got upset because he was using bogus numbers that grossly exaggerated...
There is widespread concern that AI will lead to mass unemployment in the years ahead. As I and others have pointed out, we have yet to see any...
Since Trump began his war on Iran, there have been a number of occasions where the price of oil futures tumbles just before Trump issues one of his...
Many of the Trump crew seem to be delusional about Trump accounts. They claim to believe that they will replace Social Security. It shouldn’t be a...
It doesn’t appear as though the jump in energy prices has yet had much effect on the labor market, as the economy added 115,000 jobs in April....
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Suppose there was an explosion at an oil refinery that killed hundreds of people. Presumably, there would be a major investigation to determine what...
GDP Growth Was Driven by a Jump in Federal Government Spending Spending by the federal government fell at a 16.6% annual rate in the 4th quarter. This...
GDP grew at a 2.0 percent annual rate in the first quarter, driven by large increases in investment and government spending. Non-residential...
While we wait to see whether Trump will restart his war in Iran, we can take a moment to look at the positive side. Trump has done more with this...
Trump is both an incredibly ignorant person and incredibly dishonest person. As a result, when he claims ignorance of an obvious fact it is difficult...
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