#deanbaker — Public Fediverse posts

#Economist #DeanBaker: 'He's divorced from reality!'

https://m.youtube.com/watch?v=ILr74z_smSk

More interesting #US #jobs data from #DeanBaker: “The category, ‘ #scientific #research and development services’ has lost almost 20k jobs this year (2.0 percent). It had been growing modestly, adding 6,400 jobs in 2024.” #usecon

"Fun fact: #Trump's backing down on #tariffs generated roughly $5 trillion in stock wealth yesterday. If Trump friends got 10% of that through advance knowledge, that's $500 billion." - #DeanBaker

https://deanbaker22.substack.com/p/fun-with-numbers-who-got-rich-over
https://skyview.social/?url=https%3A%2F%2Fbsky.app%2Fprofile%2Fdeanbaker13.bsky.social%2Fpost%2F3lmhgxkgdh22k&viewtype=unroll
#USpol #cronyism #cronyCapitalism #LateImperialAmerica

"Fun fact: #Trump's backing down on #tariffs generated roughly $5 trillion in stock wealth yesterday. If Trump friends got 10% of that through advance knowledge, that's $500 billion." - #DeanBaker

https://deanbaker22.substack.com/p/fun-with-numbers-who-got-rich-over
https://skyview.social/?url=https%3A%2F%2Fbsky.app%2Fprofile%2Fdeanbaker13.bsky.social%2Fpost%2F3lmhgxkgdh22k&viewtype=unroll
#USpol #cronyism #cronyCapitalism #LateImperialAmerica

"Fun fact: #Trump's backing down on #tariffs generated roughly $5 trillion in stock wealth yesterday. If Trump friends got 10% of that through advance knowledge, that's $500 billion." - #DeanBaker

https://deanbaker22.substack.com/p/fun-with-numbers-who-got-rich-over
https://skyview.social/?url=https%3A%2F%2Fbsky.app%2Fprofile%2Fdeanbaker13.bsky.social%2Fpost%2F3lmhgxkgdh22k&viewtype=unroll
#USpol #cronyism #cronyCapitalism #LateImperialAmerica

"Fun fact: #Trump's backing down on #tariffs generated roughly $5 trillion in stock wealth yesterday. If Trump friends got 10% of that through advance knowledge, that's $500 billion." - #DeanBaker

https://deanbaker22.substack.com/p/fun-with-numbers-who-got-rich-over
https://skyview.social/?url=https%3A%2F%2Fbsky.app%2Fprofile%2Fdeanbaker13.bsky.social%2Fpost%2F3lmhgxkgdh22k&viewtype=unroll
#USpol #cronyism #cronyCapitalism #LateImperialAmerica

"Fun fact: #Trump's backing down on #tariffs generated roughly $5 trillion in stock wealth yesterday. If Trump friends got 10% of that through advance knowledge, that's $500 billion." - #DeanBaker

https://deanbaker22.substack.com/p/fun-with-numbers-who-got-rich-over
https://skyview.social/?url=https%3A%2F%2Fbsky.app%2Fprofile%2Fdeanbaker13.bsky.social%2Fpost%2F3lmhgxkgdh22k&viewtype=unroll
#USpol #cronyism #cronyCapitalism #LateImperialAmerica

🧵
> In designing policy to promote ICW, we need to consider not only the optimal strength and length of intellectual property monopolies. We need to assess the circumstances under which these tools are desirable over other mechanisms... the importance of intellectual property both as a share of national income and as a major factor affecting distribution, both within and between countries.

#DeanBaker #IntellectualProperty #Patents
#InnovativeCreativeWork #ICW

> A guaranteed income makes more sense in countries that have more fully developed welfare states. But $1,000 a month, or whatever is picked as the income target, will not pay for people’s health care, food, housing, and their kids’ child care. I would place the priority on ensuring that everyone has access to these necessities.
https://www.counterpunch.org/2024/07/22/ai-guaranteed-income-and-the-which-way-is-up-problem-afflicting-our-elites/
#DeanBaker #UBI #GuarenteedIncome #MarketForeces #MarketStructures

> .. big numbers.. go into reporting.. the federal budget... (CEPR) can help put.. numbers into context with.. online tool, the.. #FederalBudgetCalculator.
> .. Biden’s American Jobs Plan was lowered to a proposed $1.7 trillion over eight years,... #DeanBaker “. . .[It] is a bit less than 0.8 percent of GDP. It is just over a quarter of what the Pentagon is projected to spend over this period. On a per person basis, it comes to around $640 a year.”
https://cepr.net/press-release/new-tool-helps-reporters-put-us-budget-numbers-into-perspective/
#BudgetCalculator

> If everyone commuted 20 percent less, it would save a huge amount in commuting costs... by having fewer trips, we would have less congestion and less energy wasted by cars sitting in traffic. That sounds like a really good deal all around. (Of course, working from home, and not commuting at all, is even better.)..
#DeanBaker #DecentEconomist #GoodEconomist #CEPR #CenterForEconomicAndPolicyResearch

"The story is infuriating for four reasons:
Even by the calculations highlighted in the piece,
Social Security is not a big subsidy to retirees,
Medicare appears to be a large subsidy only because our healthcare system is so inefficient,
What counts as a government payment, as opposed to a market outcome, is arbitrary, and
We pass on a whole society to our children, focusing on these programs to the neglect of the larger social and physical environment is close to absurd."
#DeanBaker #SocialSecurity #CatfoodCommission #WaPoLies
https://cepr.net/social-security-and-medicare-fun-with-numbers-time/

> The #OnlineCalculator is simple. For example, the Washington Post recently reported these budget numbers: the cost of President Biden’s American Jobs Plan was lowered to a proposed $1.7 trillion over eight years, while Senate Republicans countered with an $800 billion proposal... #DeanBaker pointed out, Biden’s proposal “. . . is a bit less than 0.8 percent of #GDP...
https://cepr.net/press-release/new-tool-helps-reporters-put-us-budget-numbers-into-perspective/
#CEPR #BudgetAnalysis #USABudget