HeyJaredDean Baker
Senior economist at the Center for Economic and Policy Research, dog lover, and new resident of Astoria, Oregon.
- Indexed issues, last 90 days
- 22
- Latest publication
- Sep 30, 2026
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- Sep 7, 2026
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Do Lying Shelf Prices Bias Our Inflation Data? The Case of Convenience Stores (opens the original)
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The Guardian had another excellent investigative piece looking at the businesses ripping off consumers. This one examined whether the prices convenience stores charge at the checkout counter are the same as the prices on shelves. A prior piece reported that Dollar stores frequently charge people more than the shelf price, and another <a href="https://www.theguardian.com/us-news/ng-interactive/2026/jun/24/apartment-renters-rising-
The Market Will Crash if Trump Steals the Election: Zimbabwefication is Bad for Business (opens the original)
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All the political experts are telling us that the Republicans face a shellacking in November. The Democrats seem virtually certain to win the House and are increasingly likely to take the Senate. If that happens, it will put an effective end to the Trump administration.Donald Trump clearly hates losing and has no respect for democracy. He tried to steal the last election he lost in 2020. For that reason, we have good reason to expect he will try to steal this one.Thanks for reading! Subscribe
If AI Is Crashing, the Story Should be Jail In, Not Bail Out (opens the original)
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The end-of-the-week meltdown of Oracle, coupled with Sam Altman’s admission that his AI team has no idea what it’s doing, has many hoping that the AI bubble is about to burst. It’s too early to know whether we have yet seen the Bear Stearns <a href="https://www.reuters.com/article/business/ten-years-after-jpmorganbear-stearns-deal-banks-may-have-already-seen-biggest-g-idUSK
Sam Altman is Driving Drunk, Let Him Face the Consequences (opens the original)
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Amidst all the talk of the need for government regulation of AI, there has been too little discussion of the simplest route: criminal liability. The basic story is that the AI companies are being irresponsible in dealing with a product they know to be dangerous. The companies and the people who run them need to know that they face serious monetary risk from letting their little models run wild, and possibly criminal prosecution and jail time.To be clear, sensible regulation of AI would be desira
Interest Rate on 30-Year Bonds Hit 20-Year High, and It’s Not Inflation (opens the original)
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The interest rate on 30-year bonds rose to 5.4%, the highest rate since July of 2003. It’s not clear exactly why the rate rose, but expectations of higher inflation do not seem a plausible explanation. The interest rate on inflation-indexed bonds has been rising pretty much in tandem with the rise on 30-year bonds. This means we are looking at higher real interest rates.There are several plausible reasons why real interest rates would increase. A standard explanation is higher government budget
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