Dean Baker

Dean Baker vs. Murphy, Rematch

In our NPR radio debate (last Easter), Dean Baker held his own. I still think his Keynesian nostrums were wrong, of course, but I admit I didn’t deliver a knockout punch. Things don’t look so good for Dean when we grapple in print. In my ledger, my record is 1-0-1 against Mr. Baker. An excerpt: […]

Dean Baker Looks at the Fed, and He Likes What He Sees

It’s really funny how economists can look at the same basic facts and reach such different conclusions. For example, I only recently really understood what the deal was with the Fed remitting its excess earnings back to the Treasury. And when I had finally comprehended the scheme, I concluded: The Fed is a giant counterfeiter! […]