Gerard Jackson

Contributor since: 26 Feb 2010

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• The US Economy is Sinking in an Ocean of Newly-Created Money

  Published 21 December 2008 | viewed 5,755 times

  At one time or another we have all heard it said that "you cannot get there from here". Much the same can be said of…

• Obama and His Advisors Won't Know What Hit Them When the Economy Finally Tanks

  Published 14 December 2008 | viewed 7,972 times

  An important thing to note -- apart from Obama's utter economic illiteracy -- is that his economic advisors are Keynesians and that it is Keynesianism…

• The Country is in Recession Yet the Commentariat Still Cannot Spot What is Wrong

  Published 07 December 2008 | viewed 4,414 times

  The media is not the only place where economic commentary is woeful: Parliament is even worse. Malcolm Turnbull, leader of the Opposition, declared that Australia…

• The Economy Slides into Recession While the Pollyannas Look the Other Way

  Published 30 November 2008 | viewed 4,093 times

  When I complain about the lousy state of economic commentary I also include the Reserve Bank of Australia. In a recent speech he gave in…

• Why Obama's Economic Program Will Collapse

  Published 23 November 2008 | viewed 8,119 times

  Obama wasn't kidding when deferred to FDR as an economic guide. Roosevelt was an unmitigated economic disaster. His economic program of trying to maintain money…

• The Economy Sinks Deeper into Recession While the Economic Commentariat Flounders

  Published 16 November 2008 | viewed 4,269 times

  The economy is in recession and has been for several months, and yet our brilliant economic commentariat are still debating when it will happen. In…

• Obama's New Deal v. the US Economy

  Published 09 November 2008 | viewed 6,127 times

  Just as I predicted, the US economy is in another recession. For this you can thank the lousy economics that is taught in universities and…

• Monetary Policy: Is the Fed Pushing on a Piece of String?

  Published 02 November 2008 | viewed 4,809 times

  Determined to make sure there will be no repeat of the 1930s depression, the fed cut the funds rate to 1 percent, the lowest level…

• They are Still Getting it Wrong on the Recession

  Published 26 October 2008 | viewed 4,877 times

  The recession is deepening and our economic commentariat still cannot get it right. Access Economics economist Chris Richardson is a classic. He figures governments and…

• Why Rudds $10.4 billion Hit will Not Prevent a Recession

  Published 19 October 2008 | viewed 4,154 times

  Prime Minister Rudd's move to inject $10.4 billion (about half of the surplus) had the laudable effect of revealing the sorry state of economic commentary…

• How Central Banks Destabilized the World's Economies

  Published 12 October 2008 | viewed 3,766 times

  The crisis that America finds itself in is not political in origin nor can it be laid at the feet of any individual or party.…

• The US is Definitely in Recession

  Published 05 October 2008 | viewed 4,288 times

  In the second quarter of the year GDP grew by 2.8 per cent. This was up from the 0.9 per cent increase posted in the…

• The Historical Thinking Behind America's Credit Crunch

  Published 28 September 2008 | viewed 5,378 times

  It's is a rule of the universe that every effect has a cause. And so it is with the current financial crisis. Instead of starting…

• Why America's Economic Crisis was Unavoidable

  Published 21 September 2008 | viewed 6,450 times

  As the financial crisis unfolds Americans have nothing to fear other than Congress. Ignorant politicians helped create this monetary mess and ignorant politicians will make…

• The Predatory Pricing Myth

  Published 14 September 2008 | viewed 4,608 times

  The meddling Rudd has once again revealed his economic illiteracy by accusing supermarkets of predatory pricing. What is being asserted is that these companies will…

• US Economy Confounding the Economic Pundits

  Published 07 September 2008 | viewed 5,849 times

  What gives here? The Commerce Department reports that GDP grew at an annual rate of 3.3 per cent while unemployment rose to 6.1 per cent,…

• The US Economy and the World-wide Monetary Disorder

  Published 31 August 2008 | viewed 6,292 times

  "Inflation is always and everywhere a monetary phenomenon," so said Milton Friedman. After that it was down hill. The Chicago school so defined inflation and…

• Why Obama's Tax 'Rebate' Plan Cannot Succeed

  Published 24 August 2008 | viewed 3,961 times

  On the advice of Jason Furman, Austan Goolsbee and Warren Buffet Obama has proposed a tax 'rebate' scheme to get the economy moving. Critics have…

• The US Economy: All the Little Things that go to Make a Recession

  Published 18 August 2008 | viewed 2,807 times

  Since 9/11 the US money supply has rocketed by about 70 per cent*. (The Clinton presidency was just as bad). The problem is one of…

• Will Consumer Spending Drive the US Economy into Recession?

  Published 04 August 2008 | viewed 4,971 times

  Unlike old soldiers economic fallacies refuse to fade away. Nouriel Roubini, former Clinton White House economist and now a professor of economics, has been busy…