bsmall2Feb 4
> The AI boom is starting to resemble past tech bubbles. Dean Baker warns that as the labor compensation ratio falls, the economy stands to lose over $1 trillion in consumption, raising major recession risks if the bubble bursts.
https://cepr.net/publications/the-ai-bubble-consumption-is-outrunning-wages/
#DeanBaker #AIBoom #AIBubble #AISalami
/HT CEPR FB account
The AI Bubble #24,736: Consumption Is Outrunning Wages

The AI stock bubble is propping up US consumption by roughly $1 trillion a year, increasing recession risk when it bursts.

CEPR
MarkJan 27

Donald Trump’s $300 Billion Temper Tantrum Over Canada

https://friendica.world/display/84b6ef2b-1169-78bb-809d-6e3473765780

Donald Trump’s $300 Billion Temper Tantrum Over Canada

"Under Trump’s tariff fest, countries face very different tax rates. This provides an enormous incentive to mask the origins of goods imported into the Uni...

MusiqueNow   ✡️ 🇵🇸 Dec 18, 2025

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

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

"Divorced from Reality": Economist Dean Baker Fact-Checks Trump's Primetime Speech

YouTube
Don Curren 🇨🇦🇺🇦Nov 22, 2025
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
bsmall2Nov 10, 2025

> I could..[did elsewhere]... go on. The rules of corporate governance that allows CEOs and other top executives to rip off their companies, and skew the pay structure, were not dictated by the market. The special treatment that Mark Zuckerberg and Elon Musk’s social media platforms get relative to print or broadcast media as a result of Section 230 was also not the result of the market.

https://cepr.net/publications/new-york-times-pushes-blatant-lies-about-neoliberalism/
#CEPR #DeanBaker #EconomicNews #NepLiberalism #NeoLibLies

Show threadbsmall2Sep 16, 2025
🧵
> These countries’ leaders would have to be crazy to count on Trump to protect them against.. China. Is there something about “America First” they don’t understand?..
> ... China’s economy is growing far more rapidly. They cannot plausibly hope to match the power of China’s military. Given that reality, there is not much of a buying time story for these countries. They will likely have to reach some accommodation with China, since they can’t match its military and certainly cannot count on the United States for its support.
#DeanBaker #AmericaFirst
Egberto WilliesMay 26, 2025

AOC scolds Republicans for supporting the for-profit Medicare Advantage waste, fraud, and abuse.

Alexandria Ocasio-Cortez (AOC) explains the Medicare Advantage waste, fraud, and abuse, and challenges Republicans to support an amendment to take back the stolen money to enhance Americans’ healthcare.

#AlexandriaOcasioCortez #AOC #BillCassidy #DeanBaker #JeffMerkley #Medicare #MedicareAdvantage #MedicareForAll

https://wp.me/p1OjMZ-nJy

bsmall2May 12, 2025
> Although #Medicare has succeeded in providing access to health care for millions of older Americans and in reducing administrative costs relative to private insurance, it has not been able to contain the explosive medical price pressures that have been generated by the private sector. The rational solution would seem to be to extend social insurance for health care to the rest of the population, thereby eliminating enormous amounts of waste and placing global controls on overall spending...
https://press.uchicago.edu/Misc/Chicago/035468.html
#usapol #DeanBaker #MarkWeisbrot
Social Security: The Phony Crisis, Introduction -- Dean Baker and Mark Weisbrot

The introduction to Social Security: The Phony Crisis by Dean Baker and Mark Weisbrot, authors of Social Security: The Phony Crisis. Also available on web site: online catalogs, secure online ordering, excerpts from new books. Sign up for email notification of new releases in your field.

Show threadbsmall2Apr 13, 2025

@taiyo I see what inspired your post^1 now, I wonder if there is any possiblitiy that a "generic" manufacturer could start producing EVs the way many poorer countries and less expensive factories could quicky start making pharamaceuticals?^2

> Musk previously stated that patents are “for the weak,” though the tech mogul has used patents to protect certain innovations.
^1 https://cryptobriefing.com/ip-law-controversy-dorsey-musk/

> The impact of these stronger protections is most visible in the area of prescription drugs. #DeanBaker
^ 2 https://www.pbs.org/newshour/economy/column-intellectual-property-rules-help-the-rich

Jack Dorsey, Elon Musk spark debate over IP law

Jack Dorsey and Elon Musk's call to "delete all IP law" sparks controversy, questioning IP law's role in innovation and creator protection.

Crypto Briefing
Paria sans portefeuilleApr 10, 2025

"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 With Numbers: Who Got Rich Over Trump’s Tariff Cave?

Sometimes simple arithmetic can tell us a great deal about the world.

Dean Baker