Gerard Jackson

Contributor since: 26 Feb 2010

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• How the Fed Causes Recessions

  Published 14 May 2007 | viewed 5,202 times

  It is taken for granted that the US will go into recession on the grounds that the boom-bush cycle is an inherent part of the…

• US Economy and China's Currency -- What Gives?

  Published 06 May 2007 | viewed 4,919 times

  "Currency manipulation places American workers, farmers and businesses at a competitive disadvantage and this Congress will work with the administration to hold trading partners accountable…

• The US Dollar and Chinas Impending Recession, Part I

  Published 16 April 2007 | viewed 6,820 times

  There is a great deal of hot air being blown about -- particularly from that pack of economic illiterates commonly called politicians, especially Democrats. Their…

• The US Economy: Is Manufacturing and the Yield Curve Signalling Recession?

  Published 09 April 2007 | viewed 5,458 times

  The US yield curve is giving a lot of economic commentators the jitters. The rule is that whenever the yield curve goes negative, i.e., short-term…

• Is the US Economy Still Picking Up Steam?

  Published 01 April 2007 | viewed 3,868 times

  It seems that we have once again reached the point where pessimists and optimists are clashing over the direction of the US economy. Eight years…

• The US Economy: The Coming Recession and What to Look For

  Published 25 March 2007 | viewed 10,466 times

  Every credit boom ends with a bust. Although it is impossible to predict the precise timing of an impending recession, one can look out for…

• US Economy: Will a Housing Bust Cause a Recession?

  Published 19 March 2007 | viewed 5,325 times

  Warnings about an imminent housing collapse seem to be appearing everywhere, along with dire predictions that such an event could send the US economy spiralling…

• The US and Australia: Are Their Foreign Debts a Problem?

  Published 13 March 2007 | viewed 4,173 times

  The apparent inexorable rise of foreign debt in the US and Australia has caused consternation for some commentators while others remain blasé, arguing that the…

• Commodities and Exchange Rates

  Published 11 March 2007 | viewed 3,627 times

  The striking thing about a great many journalists who feel free to comment on economic matters is their appalling mediocrity, not to mention their open…

• Keynes' Errors, Fallacies and Contradictions

  Published 04 March 2007 | viewed 3,547 times

  A few years ago Alex Millmow, a Keynesian and senior lecturer in economics at Charles Sturt University, wrote enthusiastically in The Australian Financial Review of…

• Living Beyond our Means: Dont Blame the Market -- Blame the RBA

  Published 21 February 2007 | viewed 4,653 times

  Australia' current account deficit for the December quarter 2006 came in at $14.5 billion which is just over 6 per cent of GDP. This was…

• Why Consumers are Rational

  Published 19 February 2007 | viewed 4,357 times

  A student sent me this little gem that an economics lecturer had written on the blackboard: "Modern economic theory no longer assumes that consumers are…

• The US Economy's Boom and Bust Cycle

  Published 12 February 2007 | viewed 7,579 times

  As the Clinton boom rolled on his media pals went into an orgy of praise, declaring that the administration had discovered the Holy Grail of…

• Bad Growth Theories and Under-investment in Technology

  Published 06 February 2007 | viewed 3,093 times

  New growth theories are a reaction to the neoclassical model that basically sees economic growth as the outcome of increasing homogeneous inputs of labour and…

• How High Must Interest Rates Go To Stop a Boom?

  Published 28 January 2007 | viewed 5,350 times

  Before trying to explain why interest rates can rise significantly during an inflationary boom, even when general price rises are modest, I shall first dispose…

• The US Economy: Where is the Bush Boom Heading?

  Published 21 January 2007 | viewed 5,115 times

  "The economy has entered a new era", wrote one financial journalist while another exclaimed that a "new epoch in economics" had arrived. Needless to say,…

• US Economy: Production and Jobs

  Published 14 January 2007 | viewed 4,401 times

  Some readers want to know if there is a conflict in the Austrian school regarding the course of unemployment once real factors begin to signal…

• The US Economy, Consumer Spending and the GDP Fallacy

  Published 01 January 2007 | viewed 7,759 times

  As always, most of America's economic commentariat's favourite indicator is consumption. (Unfortunately it is even worse in Australia in that not a single media commentator…

• Will the US Dollar Collapse?

  Published 18 December 2006 | viewed 9,156 times

  The US dollar is having a hard time of it. But why is this so? Why has the dollar been falling? The basic argument is…

• Milton Friedman and Monetarism: Where He Went Wrong

  Published 06 December 2006 | viewed 4,488 times

  As soon as Milton's Friedman's death was confirmed critics emerged out with praise on one hand and condemnation on the other hand. Their target, as…