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PETRUS

(3,678 posts)
Fri Jul 13, 2012, 11:40 AM Jul 2012

Keeping score - liberal economist: 18, right wing consensus: 0

CEPR co-director Dean Baker celebrates his birthday with a little boasting, covering 18 items. Among them:

The NAIRU (Non-Accelerating Inflation Rate of Unemployment) Ain’t 6.0 Percent or Anything Like It
The Consumer Price Index Does not Substantially Overstate Inflation
Social Security Is Not in Crisis
There is (was) a Housing Bubble and When it Bursts (it did!) it Will be Bad News
Labor Market Protections Don’t Cause High Unemployment
Educating the World Bank on NAFTA

In addition, he predicts vindication on the following five topics:

Patents Are An Incredibly Inefficient Way to Finance the Development of Prescription Drugs
We Will Need Alternative Mechanisms to Copyright to Finance Creative Work
Medical Trade Will Help to Keep Down Health Care Costs in the U.S. If We Don’t Fix the Health Care System
Countries Can Finance Much of the Debt Issued in the Downturn by Central Bank's Holding Assets
Financial Speculation Taxes Will Make the Financial System More Efficient

http://www.cepr.net/index.php/blogs/beat-the-press/birthday-boasts

Plenty of detail at the link.

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