Gerald P. O’Driscoll, Jr.
Don’t Stay Home
“As further research into the actual effects of the widespread, coercive policies implemented in the wake of the pandemic appears, one hopes there could be a dispassionate reassessment of the policies.” ~ Gerald P. O’Driscoll, Jr.
Covid Policy and Outcomes
“Science was repeatedly invoked, but at least the actions I examined here were not supported by science. The reason for this may have been identified by Lord Acton in the 19th century. ‘Power tends to corrupt, and absolute power corrupts absolutely.'” ~ Gerald P. O’Driscoll, Jr.
Why Do We Have a Central Bank?
by Gerald P. O’Driscoll, Jr. Why do nations have central banks? Countries have developed without one, and sophisticated financial systems have evolved in their absence. Some countries with a central […]
Limited Purpose Banking?
by Jerry O’Driscoll The following is a book review from the Cato Journal, Vol. 30, No. 3 (Fall 2010). Jimmy Stewart Is Dead: Ending the World’s Ongoing Financial Plague with […]
The Fed Can’t Solve Our Economic Woes
A policy of low interest rates is a textbook response of monetary authorities to the economic weakness brought on by deficient aggregate demand. The policy is justified by pointing to […]
Summer Reading III
According to Reinhart and Rogoff, “for the advanced economies during 1800-2008, the picture that emerges is one of serial banking crises.” In This Time is Different, the authors bring us […]
Summer Reading II
Summer reading is eclectic and before getting to my second installment of notes on This Time is Different, I want to recommend a non-economics book. A Chance in Hell by […]
Keynes vs. Hayek: The Great Debate Continues
The debates raging over what policies will pull the U.S. economy out of its Great Recession replicate one that occurred during the Great Depression. Thanks to the efforts of Richard […]
The Gulf Spill, the Financial Crisis and Government Failure
The Gulf oil spill and the global financial crisis both demonstrate the failings of big government. Partisan politics obscures the linkage, with the consequence that each political party repeats the […]
An Economy of Liars
Free markets depend on truth telling. Prices must reflect the valuations of consumers; interest rates must be reliable guides to entrepreneurs allocating capital across time; and a firm’s accounts must […]
