Gerard Jackson

Contributor since: 26 Feb 2010

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• Greenspan's Price Rule Caused the US recession - and It's Going to Happen Again

  Published 28 November 2006 | viewed 5,483 times

  Although it is no longer suggested that Greenspan is deserving of a Nobel Prize in economics his performance is still being overrated by the great…

• Australian Economy and the Trade Deficit: Blame the Reserve Bank, Not the Market

  Published 21 November 2006 | viewed 4,159 times

  Last September saw Australia's trade deficit nearly double, leaping from $324 million in August to $646 million in September. In addition, exports dropped by 1…

• Storm Clouds Gather over the Australian Economy as Money Supply goes Wild

  Published 12 November 2006 | viewed 5,394 times

  Readers have asked what do I mean when I say that the economy has reached a plateau. It's the point where an inflationary monetary policy…

• Medieval Booms and Historical and Economic Amnesia

  Published 16 October 2006 | viewed 7,824 times

  I had no sooner finished lamenting our economic commentariat's ignorance of the history of economic thought and economic history when on 7 October Alan Wood,…

• The Australian Economy, The Trade Deficit and the Lessons of Gold

  Published 10 October 2006 | viewed 4,850 times

  There seems to be two schools of thought about the current direction of the Australian economy. On the one hand we have Terry McCrann of…

• Why Tax Cuts and Not Consumer Spending Rescued the US Economy

  Published 25 September 2006 | viewed 4,015 times

  Some readers have expressed puzzlement at my claim that increased consumer spending aggravated the US economy's woes. In their opinion my view not only runs…

• The US Economy, the Housing Slowdown and the November Elections

  Published 18 September 2006 | viewed 6,103 times

  What do the US, Australian and British housing booms have in common? Each boom was triggered by their respective central banks, though one would never…

• The Economic Lesson the US Economy Can Teach Japan

  Published 11 September 2006 | viewed 4,138 times

  I think everyone knows that for some years the Japanese economy has been very sluggish. In response to this situation a number of eminent economists…

• How Confusion About the Money Supply is Damaging the US Economy

  Published 04 September 2006 | viewed 5,106 times

  At last the National Review Online has published an article attacking the dangerous idea that "the Federal Reserve should set the fed funds rate" (Stop…

• Will the US Economy Learn from History?

  Published 28 August 2006 | viewed 6,193 times

  I guess the title of this article is really redundant. When it comes to economics politicians rarely, if ever, learn from history. Hell, many of…

• American Economy and Purchasing Power vs. Keynesianism

  Published 21 August 2006 | viewed 4,732 times

  Larry Kudlow lavished praise on what he called "the great American consumer" Alive and Kicking Twenty-five years after the Reagan tax cuts, the economy is…

• US Economy, War and Manufacturing

  Published 09 August 2006 | viewed 5,279 times

  A great deal is being said about American military might. One common thread has it that American power will eventually decline or be superseded by…

• US Economy: Why Wall Street keeps getting it wrong

  Published 25 July 2006 | viewed 6,120 times

  That Wall Street has no understanding of what drives economies was made abundantly clear by its rampant confusion in late 2000 when it became obvious…

• US Economy and Recession: Theory and Counter Theory

  Published 17 July 2006 | viewed 5,950 times

  When manufacturing was sinking 2000 and the US economy along with it the causes of the oncoming recession were still being hotly debated in some…

• Will Skilled Immigrants Drive Down US High-tech Wage Rates?

  Published 26 June 2006 | viewed 3,699 times

  Many have written, including myself, about how a flood of unskilled labour into the US can drive down domestic wage rates. On this question Paul…

• The US Economy: Past and Present

  Published 19 June 2006 | viewed 5,231 times

  Readers often ask if economic history is particularly important. No it is not -- it is vitally important. When we examine, for example, the bodies…

• Why Rising Oil Prices will not Fuel US Inflation

  Published 13 June 2006 | viewed 4,971 times

  "Every serious economist knows that rising oil prices contribute to rising inflation" or so think Thomas E. Nugent (NRO, Current Fed Policy Is Inflationary: Will…

• The US Economy: when will there be another recession?

  Published 05 June 2006 | viewed 5,720 times

  As someone who correctly predicted the Clinton recession I confidently say that the answer is yes. I can also say with equal confidence that the…

• Are Dark Clouds Forming Over the US Economy?

  Published 30 May 2006 | viewed 8,431 times

  Readers have been emailing me about the state of the US economy. The main bone of contention has been the monetary slowdown in the face…

• Is the Australian Economy Facing Recession?

  Published 22 May 2006 | viewed 5,353 times

  The myth of the dual economy is back in town, only now it's called the "two speed" economy. Some years ago economic commentators were telling…