Melvyn Krauss
Melvyn Krauss is Senior Research Fellow, Hoover Institution, Stanford University.
Once upon a time, European Central Bank President Jean-Claude Trichet communicated effectively with the outside world. Not anymore.
There appear to be many American conservative voters who believe that the Bush administration has been a disaster, and that Barack Obama offers the best hope for a fresh start. Obama can lose these pe… read more
If the French government had its way, Bank of France Governor Christian Noyer would have immediately informed the Élysée Palace of Société Générale's troubles. But by not doing so, Noyer saved the ban… read more
While Fed Chairman Ben Bernanke has announced a whopping 75-basis-point interest-rate cut, European Central Bank President Jean-Claude Trichet continues to threaten to hike interest rates. But, with t… read more
In the midst of the most serious financial crisis in recent memory, the ECB refuses to cut interest rates, and even continues to insist that it might raise them. That is an unconvincing bluff, but one… read more
Ordinary Europeans should not be fooled by arguments that Europe's economy has become "decoupled" from that of the US. Special interests in Europe would not be peddling such dubious pabulum if they fe… read more
The US Federal Reserve's recent interest-rate cut suggests that it recognizes the inability of conventional economic theory to account for, much less address, the current turmoil in financial markets.… read more
