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Andrés Velasco

Andrés Velasco

Writing for PS since 2001
112 commentaries

Andrés Velasco, a former presidential candidate and finance minister of Chile, is Dean of the School of Public Policy at the London School of Economics and Political Science. He is the author of numerous books and papers on international economics and development, and has served on the faculty at Harvard, Columbia, and New York Universities. 

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  1. roubini150_FREDERIC J. BROWNAFP via Getty Images_food bank us Frederic J. Brown/AFP via Getty Images

    The COVID Bubble

    Nouriel Roubini

    With equity markets reaching new heights at a time of rising income and wealth inequality, it should be obvious that today's market mania will end in tears, reproducing the economic injustices of the 2008 crash. For all of the talk of supporting households, it is Main Street that will suffer most when the music stops. 

    worries that the US recovery is heading for another bout of market mania that will leave Main Street worse off.
  2. varoufakis76_Robert AlexanderGetty Images_dollars Robert Alexander/Getty Images

    The Goldilocks Stimulus Myth

    Yanis Varoufakis

    Both supporters and critics of US President Joe Biden’s $1.9 trillion stimulus plan assume that there is a dollar amount that is just right. In fact, no such figure exists: every possible stimulus size is simultaneously too little and too big. 

    shows why there is no longer any amount of additional US fiscal spending that is just right.

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