HeyJaredDean Baker
- Indexed articles, last 90 days
- 14
- Latest publication
- Sep 3, 2026
- Outlet visibility, for CounterPunch
- Top 500K sites
- Earliest in this view
- Jul 7, 2026
Latest articles
AI Bubble Monitor: Wall Street is Betting Trillions on Silicon Valley to Prevail Over Chinese AI (opens the original)
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Before we catch up on the game, here are the latest numbers on market capitalization and P/E ratios: It’s the fourth quarter and the game is tied, but it’s not clear the odds are even. Silicon Valley jumped out to a quick 28-0 lead but then let Chinese AI rack up 28 straight points. They haven’t been able to get a first down since early in the second quarter. Making matters worse, Coach Trump keeps switching quarterbacks and benching his star running back. With the start of the football season,
Why the $40 Trillion Debt isn't the Real Threat (opens the original)
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The $40 trillion debt point naturally prompted much griping among pundits, many of whom see their job as promoting hysteria in order to justify cuts to Social Security, Medicare, and other popular social programs. As is clear to anyone not on the payroll of the rich and very rich, the debt is overwhelmingly the result of tax cuts, mostly to high earners, put in place by Presidents Reagan, Bush II, and Trump. Unfortunately, confusion on the debt can spread even among the sane. Paul Krugman and Ja
Trump Dementia: Transferring National Park Firefighters to Beautify DC for His Birthday (opens the original)
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Happy Camp Complex, Klamath National Forest, Northern California. Photo: US Forest Service. The man who gave us the war in Iran, mass deportation, murders on the high seas, inflation, a trade war with our closest ally, measles, explosive diarrhea, and is now threatening to tear down the Kennedy Center if he can’t put his name on it, also pulled National Park firefighters from duty in the West to help beautify DC for his 80th birthday. I know in the list of Trump outrages this may not rank very h
What Does AI Have to Say About the AI Bubble? (opens the original)
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Here are the most recent price-to-earnings and market cap numbers: I know I have been screaming about an AI bubble for some time, but I also do think that the tech can do useful things. In that sense, the tech bubble of the ‘90s is a good analogy. The Internet has had a huge impact on the economy and our lives, but the price of most tech stocks in the late 1990s made no sense. To my view, the same story is likely to apply to AI. To show my appreciation for AI (and also out of laziness), I decide
The $40 Trillion Debt, Oh My! (opens the original)
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I have never been a deficit hawk, and I’m not about to change my religious affiliation now. But whatever we think of debt and deficits, there is one point that should be very clear: it has been run up almost entirely due to Republican tax cuts and their inept management of the economy. Every Democratic president of the last half century has left with a deficit that was lower, measured as a share of GDP, than the one they came in with, except Obama, who left it unchanged. By contrast, every Repub
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