Dean Baker - Dollars & Sense

The Economics of Trump's War with Iran

Just how much damage will the war and its aftermath inflict on the global economy?

John Miller May 11, 2026

May/June 2026

There is no one-to-one correlation between what we do and what it means to us or to others. Many of

Zoe Sherman May 11, 2026

Iran’s control of the Strait of Hormuz affects not just oil and fertilizer, but also the many oil- and gas-based inputs essential to everyday goods.

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, DC.

3 articles

Many supporters of an increase in the minimum wage viewed projections of job loss in the recent report from the

Dean Baker Mar 1, 2014

Talk about irrational exuberance. Housing is the new bull market.

Dean Baker Jan 1, 2005

Issue 238

Now that the economy needs stimulus, why not insist that government spending shape economic development in socially beneficial ways? Now

Dean Baker Nov 1, 2001