Gerald P. O'Driscoll
Gerald P. O'Driscoll's Latest Articles | 13
Keynesian Death Spiral
In Wednesday’s Wall Street Journal, Kevin Hassett explains the economic logic against fiscal stimulus (“Stimulus Optimists vs. Economic Reality”). It’s a... Read »
Let Them Eat Chips
In today’s Wall Street Journal, David Wessel (“Capital” column, A5) revisits the question of whether current Fed policy is inflationary. He correctly states... Read »
The Fed Has No Clothes
Philadelphia Fed President Charles Plosser gave a major speech on Monday at the Central Bank of Chile. In the polite language of central bankers, the speech... Read »
Inflation is Here
“Prices Soar on Crop Woes” reads the headline in today’s Wall Street Journal. Global output of key crops such as corn, soybeans and wheat is down, and their... Read »
Texas Triumphant
Actually what is triumphant is the economic model of low taxes, light regulation and economic liberty. As Michael Barone clarifies in yesterday’s (Weekend) Wall... Read »
Foreclosures
The New York Times reports that GMAC (now a subsidiary of Ally Financial) has admitted that it filed “dubious” financial documents. The problem goes beyond GMAC.... Read »
Existing Homes Plunged 27%… How Could this Happen?
The AP reports today that sales of existing homes plunged 27 percent, despite the lowest mortgage interest rates in history. How could this happen? Part of the... Read »
The Losers under Fed Policy
In Tuesday’s Wall Street Journal, George Melloan makes the case that savers and investors lose under the Fed’s low-interest policy. He also argues that the... Read »
Canada’s Great Escape
There has been an earlier discussion of why Canada didn’t suffer a banking crisis. The Financial Times asked the same question in its January 30/31 issue. The... Read »
Seizing the Commanding Heights
On the Opinion page of yesterday’s Wall Street Journal, George Melloan spells out how government stimulus is stifling lending, crowding out private investment... Read »







