Dean Baker
Dean Baker
Dean Bakeris an American macroeconomist and co-founder of the Center for Economic and Policy Research, with Mark Weisbrot. He has been a senior economist at the Economic Policy Institute and an assistant professor of economics at Bucknell University. He has a Ph.D. in economics from the University of Michigan...
good gulf half job might reasonably terms tourism wait year
In terms of people's lives, let's say someone had a reasonably good job in the tourism industry, they're not going to wait around a year and half or two years for their job to come back. What's there when it (the Gulf economy) comes back might be qualitatively different than what it was before.
alan authority came certainly commenting economic matters played power purpose role tax trade unique
I think Alan and really played a unique role here. He certainly expanded the power of the Fed, in the sense that he came to be the all purpose authority on economic matters -- he was commenting on trade policy, tax policy.
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Saving Social Security with Stock: The Promises Don't Add Up.
across clearly evidence strong
It's clearly very strong across the board. There's no evidence of any downturn at this point.
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They can't continue to spend beyond their income indefinitely. If people are building up large amounts of debt, you reach a point where they can't continue.
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Things do seem like they're out of line, but of course I've been seeing warning bells for several years.
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It's just prudent to have a chemical safety program, ... We don't want to have a sterile leaning environment, we want kids to have a rich learning environment while keeping them safe, that's the same issue every school faces.
asset burst fed move
Does he want to see it burst on its own, or is it appropriate for the Fed to move to deflate asset bubbles?
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People are willing to pay them because there is an expectation that prices will continue to rise. Once people don't have that expectation, things will change.
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On this policy, the district is already in compliance with the requirements and has been for a couple of years, ... This policy just formalizes it.
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Normally when you talk about housing bubbles bursting, you're talking about a specific local market. But we've never had a nationwide run-up in home prices like this. I don't think it's realistic to think the decline won't also be national. I think a 15 percent nationwide decline is very plausible. In many bubble areas, could be looking at 20-25, maybe 30 percent declines.
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First of all, it's very expensive to administer private accounts, especially if you let people manage these accounts themselves, ... Bush is vague on how he would set it up and make it work.
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is kind of (the oil companies') good luck. They didn't do anything to earn it. And we're sitting here with a $150 billion bill from Katrina.
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I've always thought you'll have the movement in price before you'll see it on quantity side, ... As long as the price remains high, if you're a builder, you want to get the houses up in order to cash in.