Dean Baker’s Beat the Press
Beat the Press is Dean Baker’s commentary on economic reporting. He is a Senior Economist at the Center for Economic and Policy Research (CEPR).
Beat the Press is Dean Baker’s commentary on economic reporting. He is a Senior Economist at the Center for Economic and Policy Research (CEPR).
A decades-old jury duty experience serves as a reminder that ordinary citizens can thoughtfully weigh evidence and reach fair verdicts.
Industrial policy is unavoidable, and the real question is whether an AI sovereign wealth fund is an effective way to support innovation and economic growth.
The May trade deficit surged to its highest level since March 2025, driven in part by AI-related imports and undercutting Trump’s goal of reducing the trade gap.
An AI sovereign wealth fund would concentrate political power, reinforce the AI bubble, and divert attention from more effective industrial and corporate tax policies.
While families should accept the government’s one thousand dollar contribution, almost everyone is better off saving for their children through a 529 plan rather than adding money to a Trump account.
Trump’s proposed baby accounts rely on unrealistic investment assumptions, obscure the effects of inflation, and lock up funds while cutting programs that help low-income families.
The June jobs report points to a cooling labor market, with slowing wage growth, job gains concentrated in health care, declining prime-age employment, and no evidence that AI is boosting productivity.
Despite Trump’s claims of record investment, factory construction has declined sharply since its 2024 peak, following a surge driven by Biden-era industrial policies.
The Trump administration’s claims of widespread ACA fraud are unsupported by evidence and overlook the insurers that would profit most from fraudulent enrollments.
The Supreme Court’s latest ruling gives Trump broad authority to remove federal officials, opening the door to greater political control and corruption in government agencies.