Jeff Madrick

Jeff Madrick teaches at Cooper Union. His latest book is Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present.

Articles by this author

(Credit: flickr/cc/ Henrik Berger Jørgensen) Views
Tuesday, July 01, 2014
Inequality Begins at Birth
Over the past year, the lack of universal pre-kindergarten for American four-year-olds has become a national issue. In 2013, President Obama proposed to fund an ambitious new nationwide pre-kindergarten program through a new cigarette tax. That plan failed to gain support, but Bill de Blasio gave...
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Thursday, March 07, 2013
The Sequester’s Hidden Danger
The sequester is dangerous, but not for the reasons we think. Contrary to what some alarmists predicted, there is little evidence that the automatic, across-the-board cuts to the US budget that went into effect on Friday are causing cataclysmic harm. The stock market has risen slightly to near record heights, and most economists agree that the $85 billion down payment this year on about $1 trillion in cuts over the next ten will not trip the economy into recession.
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Friday, January 20, 2012
How Austerity Is Killing Europe
On the last day of 2011, a headline in The Wall Street Journal read: “Spain Misses Deficit Target, Sets Cuts.” The cruel forces of poor economic logic were at work to welcome in the new year. The European Union has become a vicious circle of burgeoning debt leading to radical austerity measures, which in turn further weaken economic conditions and result in calls for still more damaging cuts in government spending and higher taxes. The European debt crisis began with Greece, and that nation remains the European Union’s most stricken economy.
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