Mostly Economics

In a recent conversation, Dean Baker welcomed Gerald Epstein, PERI/UMass Professor of Economics, to discuss the innovative collection of policy essays titled Game Changers: Economic Policies for a Working America. This project, comprising contributions from around 40 experts, aims to propose transformative economic policies that could reshape the landscape for working Americans. These are ideas worth sharing with your home state's elected officials.

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Dean Baker speaks with economist and CEPR co-founder and co-director Mark Weisbrot about the rare conditions that prompted the IMF to issue a lifeline to developing countries in the form of Special Drawing Rights (SDRs) in 2021, defying the US treasury. Allocating SDRs helped the global south, but it was just as much a rescue mission for the global economy, an action that had the support of Wall Street. Dean and Mark also discuss the US' deadly blockade and widespread sanctions regime that continues to immiserate the people of Cuba, Venezuela, and other sovereign nations opposed to US hegemony.

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Dean Baker talks with MIT economist Paul Osterman about his new book, Disposable Workers: The Transformation of Employment. Osterman explains how employers avoid W-2 responsibility for workers through contracting, freelancing, and "marginal" jobs, now affecting roughly 35% of the workforce, and what it means for pay, safety, and job security.

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Is AI spending the only thing keeping US growth alive? Dean Baker and EPI chief economist Josh Bivens dig into that question. They also explain how a financial transactions tax mainly eliminates wasteful Wall Street trading, plus tariff chaos and manufacturing's decline.

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Chad Bown, Peterson Institute for International Economics economist, joins Dean Baker to discuss his new book (co-authored with Soumaya Keynes), How to Win a Trade War. They dig into the real gains from trade, why locking in agreements matters more than tariff levels, lessons from 1980s Japanese auto restraints, and why China's chokehold on rare earths and chips is the trade war actually worth fighting.

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On this episode of Mostly Economics, Dean Baker talks with Tahir Amin, co-founder and CEO of I-MAK and co-author of Pharma Monopoly, about how drug patents drove up prices and blocked vaccines during the pandemic. Find out how a drug like Humira made $114 billion off patent monopolies and more.

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This week on Mostly Economics, Dean Baker talks with Sabrina Corlette, Research Professor at Georgetown University's Center on Healthcare Insurance Reforms, about the ramifications of Trump's one big ugly bill, which gutted Affordable Care Act coverage. People are grappling with expired subsidies as well as new rules that severely harm documented immigrants. Dean and Sabrina also discuss private equity's damage to our health care system.

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Dean Baker sits down with CEPR climate analyst Matt Sedlar to unpack how Trump's cuts to FEMA and NOAA are leaving states, especially poorer Republican ones in Appalachia, dangerously exposed. They cover insurance markets pulling out of Florida and California, the fight over community driven relocation, and why real resiliency means building communities back stronger.

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Algernon Austin, director of Race and Economic Justice at CEPR, joins Dean Baker to examine how the Trump administration is reversing black economic progress through DOGE cuts, military purges, weakened affirmative action, and the Supreme Court's assault on voting rights. They also discuss solutions, including a national jobs guarantee.

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On today's episode, Dean Baker and Jared Bernstein reflect on Alan Greenspan's legacy, from his bold full employment experiment in the 1990s to his failure to address financial bubbles. Jared and Dean speculate about what Kevin Warsh's Fed tenure could mean for workers and policy transparency at the Federal Reserve.

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