John Cassidy

The other morning, as Donald Trump was writing on social media that the “Entire World is RIPPING US OFF!!!” and threatening to impose tariffs of two hundred per cent on wine and champagne from the European Union, and as investors […]

Economists have long recognized that when the future is foggier than usual, consumers and businesses may put off making big purchases. John Maynard Keynes, in his famous tome “The General Theory of Employment, Interest, and Money,” which was published in

The Trump Administration’s assault on federal workers is intensifying, but it remains infuriatingly opaque. With no official tally of layoffs, media organizations are doing their own sums based on announcements from individual agencies. Reuters estimates that, so far, “tens of

John David Rainey, the chief financial officer of Walmart, America’s biggest company both in terms of annual revenue and number of employees, told the Associated Press last week that Donald Trump’s tariff policy was already affecting its decision-making and creating

For almost twenty-five years, William Easterly, a free-market economist at New York University, has been a prominent academic critic of foreign-aid programs. In his 2001 book, “The Elusive Quest for Growth: Economists’ Adventures and Misadventures in the Tropics,” Easterly wrote

More than a decade and a half ago, I watched Elizabeth Warren bring a crowd in Washington to its feet with a ringing indictment of Wall Street and the toxic mortgage securities that had pushed the American banking system to

As investor enthusiasm for artificial intelligence, and lately for a Trump Presidency, has been driving the stock market to record highs this year, Jeremy Grantham has been having flashbacks. At the end of the nineteen-nineties, the veteran value investor—one that

On Halloween, my sixteen-year-old daughter slipped and fell on some broken glass. She came home from a party with a nasty-looking gash on one of her fingers, and I persuaded her to go to a local emergency room. After she

Last week, after Donald Trump announced that he would nominate Paul Atkins, a cryptocurrency advocate, to head the Securities and Exchange Commission (S.E.C.), the price of a Bitcoin topped a hundred thousand dollars, and crypto enthusiasts celebrated. The mood in

Give Donald Trump credit for this: he can turn practically anything into a reality show, including picking a Treasury Secretary. The media had followed the selection process on a daily, and sometimes hourly, basis as Trump auditioned a number of