Economics writer at The New Yorker. Author of “Capitalism and Its Critics: A History from the Industrial Revolution to AI" and other beach reads.
John Cassidy
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Note to all staff: Turns out that super tasty AI candy we've been putting out in large bowls isn't free and it isn't necessarily leading to better products for our customers. From now on, all employees are limited to one a day.
"What’s happening at the C.F.T.C. looks like a classic case of what economists refer to as regulatory capture, where vested interests effectively seize control of a government agency, which then advances their interests."
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"It just so happens that the Trump family has close ties to Polymarket and Kalshi.
One of the investors in Polymarket is the venture-capital outfit 1789 Capital, where Donald Trump, Jr., is a partner. Trump, Jr., is also a “strategic adviser” to Kalshi."
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"The I.P.O. values SpaceX at more than ninety times its 2025 revenues...Musk is even outdoing himself. In June, 2010, when Tesla first issued shares, the company was valued at roughly fifteen times its prior-year revenues."
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"According to the watchdog group Public Citizen, World Liberty Financial, a new-age finance firm that issues crypto tokens and stablecoins, & which Trump co-founded in 2024, has created more than a billion dollars for him in equity and cash inflows."
@johncassidysays.bsky.social for @newyorker.com
"The I.P.O. values SpaceX at more than ninety times its 2025 revenues...Musk is even outdoing himself. In June, 2010, when Tesla first issued shares, the company was valued at roughly fifteen times its prior-year revenues."
www.newyorker.com/news/the-fin...
This is the appropriate framing. The self-dealing part of the settlement that applies to Trump and his family stays in place.
First it was MIT and McKinsey. Now Bain finds that returns to corporate AI investments are disappointing.
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Here are four of the books we recommend in our new podcast. Two that look at Prebisch, one that deals with the 'infant industry' argument & one that looks at ideas. #EconSky
@cacrisalves.bsky.social @devikadutt.bsky.social @ingridhk.bsky.social @surbhikesar.bsky.social @johncassidysays.bsky.social
Pro-tip: the answer to all question mark headlines, including mine, is the same.
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