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Melvyn B. Krauss

Melvyn B. Krauss

Writing for PS since 1998
56 commentaries

Melvyn B. Krauss is Professor Emeritus of Economics at New York University.

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  1. The ECB's Savvy Gradualism
    krauss59_ALBERTO PIZZOLIAFP via Getty Images_draghilagarde Alberto Pizzoli/AFP via Getty Images

    The ECB's Savvy Gradualism

    Dec 31, 2021 Melvyn B. Krauss thinks the eurozone's central bank is wise in eschewing rapid monetary-policy normalization.

  2. The New Franco-Italian Alliance in Europe
    krauss58_Albert CaraAnadolu Agency via Getty Images_macron draghi Albert CaraAnadolu Agency via Getty Images

    The New Franco-Italian Alliance in Europe

    Nov 24, 2021 Melvyn B. Krauss sees enormous potential in a burgeoning new alliance between the French president and the Italian prime minister.

  3. Germany's Chinese Kowtow
    krauss57_Jason Lee - PoolGetty Images_merkelxi Jason Lee/Pool/Getty Images

    Germany's Chinese Kowtow

    Nov 5, 2021 Melvyn B. Krauss explains why the next government in Berlin is unlikely to get tough with a major export market.

  4. Goodbye to the German Status Quo
    krauss56_Clemens Bilan - PoolGetty Images_baerbockscholz Clemens Bilan/Pool/Getty Images

    Goodbye to the German Status Quo

    Sep 27, 2021 Melvyn B. Krauss sees the federal election outcome as a renunciation of outgoing Chancellor Angela Merkel's legacy.

  5. Joe Biden’s Nixon Strategy
    krauss55_BRENDAN SMIALOWSKIAFP via Getty Images_bidenputin Brendan Smialowski/AFP via Getty Images

    Joe Biden’s Nixon Strategy

    Jul 6, 2021 Melvyn B. Krauss thinks Western leaders are right to seek a managed rapprochement with Russia.

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  1. sierakowski91_Omar MarquesGetty Images_ukrainian refugees Omar Marques/Getty Images
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    Resentment on the Western Front

    Sławomir Sierakowski thinks the Polish public needs a more open and honest conversation about refugees before resentment spirals.
  2. vives17_ Leon NealGetty Images_ftx Leon Neal/Getty Images
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    Crypto’s Well-Worn Path to Crisis

    Xavier Vives writes that, despite the novelty of the assets, the narrative of FTX’s collapse was established long ago.
  3. roubini171_Spencer PlattGetty Images_recession looming Spencer Platt/Getty Images
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    The Unavoidable Crash

    Nouriel Roubini anticipates a stagflationary debt crisis, owing to a dangerous combination of inflation and over-borrowing.
  4. nye236_SAUL LOEBAFP via Getty Images_biden xi SAUL LOEB/AFP via Getty Images
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    War Over Taiwan?

    Joseph S. Nye, Jr. considers whether a deterrence arrangement that has worked for 50 years is still sufficient.
  5. op_livingston1_Anna MoneymakerGetty Images_fed Anna Moneymaker/Getty Images
    2

    The Contested Fed

    James Livingston

    By all accounts, central banks – particularly the Fed, because the dollar is still the world’s dominant currency – already act as investment authorities. But their recent bailouts have exacerbated economic inequality, and have done little or nothing to address climate change.

     reviews three books that, each in its own way, reveal a central truth about the world’s leading central bank.
  6. pisaniferry140_Sean GallupGetty Images_cop27 Sean GallupGetty Images
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    The Economics of Mainstreaming Climate Action

    Jean Pisani-Ferry & Selma Mahfouz identify the risks and short-term costs associated with the energy transition over the next decade.
  7. haldar15_ Tayfun CoskunAnadolu Agency via Getty Images_twitter Tayfun Coskun/Anadolu Agency via Getty Images
    2

    Killing Twitter

    Antara Haldar explains what Elon Musk fundamentally misunderstands about the platform – and about free speech.
  8. emmott41_musk
    2

    The Napoleons of Big Tech

    Bill Emmott

    Recent events in the technology sector suggest that investors and lenders should be demanding a premium to cover the risk that a star entrepreneur will become an egomaniacal dictator. With each business cycle, it seems, old lessons must be relearned.

     sees in the industry’s harsh reckoning this year lessons that apparently can’t be learned often enough.
  9. BP - ftx NurPhoto / Contributor via Getty Images
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    The Crypto Emperor’s New Clothes

    The collapse of several crypto platforms this year – including the spectacular crash of the second-largest cryptocurrency exchange, FTX – has raised fundamental questions about the credibility of a digital innovation once hailed as the key to democratizing finance. Has crypto finally been exposed as a scam, or will a new, stronger crypto industry emerge from the current turmoil?

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