John Cassidy
John Cassidy has been a staff writer at The New Yorker since 1995. He writes a regular column about economics and politics, The Financial Page. Over the years, he has also written many longer articles for the magazine, covering subjects ranging from the economics of John Maynard Keynes to Karl Marx and globalization to the degrowth movement. He is the author of two books, “How Markets Fail: The Logic of Economic Calamities” and “Dot.Con: How America Lost Its Mind and Money in the Internet Era.” He is currently working on a new book about capitalism and its critics. He grew up in Leeds, West Yorkshire, and has degrees from Oxford, Columbia, and New York Universities. He lives in Brooklyn with his family.
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Jay Powell, the Prepster Banker Who Is Standing Up to Trump
The seventy-two-year-old Fed chairman put to shame the heads of law firms, universities, and public companies who have caved to the White House.
The Dangerous Paradox of A.I. Abundance
Silicon Valley envisions artificial intelligence ushering in an era of economic plenty. But what if the benefits are largely confined to corporations and investors that own the technology itself?
The Folly of Trump’s Oil Imperialism
The President has made clear he wants to exploit Venezuela’s vast oil reserves; history suggests that it won’t be easy.
The Biggest Threat to the 2026 Economy Is Still Donald Trump
Many analysts are predicting an election-year upturn, but they aren’t accounting for the President’s ability to cause more chaos.
The Year in Trump Cashing In
In 2025, the President’s family has been making bank in myriad ways, many of which involve crypto and foreign money.
What Happens When an “Infinite-Money Machine” Unravels
After Michael Saylor’s software company Strategy stockpiled hundreds of thousands of bitcoins, he was hailed as an alchemist. Then things went awry.
What Can Economists Agree on These Days?
A new book, “The London Consensus,” offers a framework for rethinking economic policy in a fractured age of inequality, populism, and political crisis.
Donald Trump Can’t Dodge the Costly K-Shaped Economy
After insisting for months that his tariffs weren’t raising prices, the President has virtually admitted the opposite by moving to scrap the duties on beef, coffee, and other foodstuffs.
Socialism, But Make It Trump
After Zohran Mamdani’s victory, Republicans are fearmongering about Democrats turning socialist. Meanwhile, Donald Trump is busy taking stakes in private companies and ordering them around.
Can the Global Economy Be Healed?
A noted Harvard economist presents an optimistic vision of a world after Donald Trump.
The Lessons of an Indefensible Pardon for a Crypto Billionaire
Donald Trump’s grant of clemency to the founder of Binance, Changpeng Zhao, shows how the checks on Presidential power are failing.
Why Is Trump Using Billions of Taxpayer Dollars to Rescue Javier Milei?
After promising to end foreign entanglements, the President has proposed a financial-rescue plan for the right-wing government of Argentina.
The A.I. Boom and the Spectre of 1929
As some financial leaders fret publicly about the stock market falling to earth, Andrew Ross Sorkin’s new book recounts the greatest crash of them all.
Donald Trump’s Big Pharma Showdown Ends with a Whimper
Wall Street is celebrating the White House’s deal with Pfizer on drug prices. Patients shouldn’t be.
Donald Trump’s TikTok Deal Looks Like Crony Capitalism
The sale demonstrates the President’s personal brand of industrial policy—transactional, opaque, and designed to politically benefit him and his allies.
Why Won’t America’s Business Leaders Stand Up to Donald Trump?
From Disney’s capitulation on Jimmy Kimmel to tech moguls’ White House dinner, corporate élites are choosing self-preservation over principle.
How Far Could Donald Trump’s Assault on the Federal Reserve Go?
Some central-bank veterans are concerned about a scenario in which the President’s appointees gain effective control of the institution and end its independence.
MAGAnomics Isn’t Working
A dismal jobs report affirms earlier warnings about the economic impact of Donald Trump’s tariffs, immigration restrictions, and DOGE-led firings.
The Enormous Stakes of Trump’s Effort to Fire the Fed Governor Lisa Cook
The President’s authoritarian power grabs are undermining the institutional foundations of the American economy.
The A.I.-Profits Drought and the Lessons of History
Like the steam engine, electricity, and computers, generative artificial intelligence could take longer than expected to transform the economy.