The economy is in the news constantly. Unemployment is at the lowest rate in decades, yet, inflation is rearing its ugly head, and the Fed has stepped in to increase rates. How did we get to this point? What should be anticipated? Should we be alarmed? Is there a consensus on sensible solutions? In other words, what’s the story?
Nicole Gelinas is a senior fellow at the Manhattan Institute, a contributing editor of City Journal, and a columnist at the New York Post. She writes on urban economics and finance. Gelinas is a CFA charterholder and the author of After the Fall: Saving Capitalism from Wall Street—and Washington (2011).
Gelinas has published analysis and opinion pieces in the New York Times, Wall Street Journal, Los Angeles Times, and other publications. Before coming to City Journal, she was a business journalist for Thomson Financial, where she covered the international syndicated-loan and private-debt markets. Gelinas holds a B.A. in English literature from Tulane University.
William D. Cohan, a former senior Wall Street M&A investment banker for 17 years at Lazard Frères & Co., Merrill Lynch, and JPMorganChase, is the New York Times bestselling author of three non-fiction narratives about Wall Street: Money and Power: How Goldman Sachs Came to Rule the World; House of Cards: A Tale of Hubris and Wretched Excess on Wall Street; and, The Last Tycoons: The Secret History of Lazard Frères & Co., the winner of the 2007 FT/Goldman Sachs Business Book of the Year Award. His new book, to be published in November 2022, is titled Power Failure: The Rise and Fall of an American Icon. It is about the astounding rise and precipitous fall of the General Electric Company, once the world’s most valuable and respected company.
A former longtime special correspondent at Vanity Fair, he is a founding partner of Puck, a daily digital news and opinion publication. His focus at Puck is on Wall Street and the business world, writ large. He is a former columnist for the DealBook section of the New York Times. He also writes for The Financial Times, The New York Times, Air Mail, Barron’s, Bloomberg BusinessWeek, The Atlantic, Town & Country, The Nation, Fortune, The Hollywood Reporter, and Politico, among other publications.
Peter Coy, the moderator, is an economics writer for the New York Times Opinion section. He moved to the Times in July 2021 after nearly 32 years at BusinessWeek and Bloomberg Businessweek.