2009 Stimulus Check

Continued from The U.S. Economy Part 1

Of particular interest is that though unemployment in manufacturing has been rising as the economy slowed person incomes and spending have been growing at an annualised rate of about a 5 per cent during the past four months. Now Austrian analysis tells us that in the final phase consumption [...]

By Gerard Jackson
Falling Productivity Is a Bad Omen

That the recorded fall in productivity took so many economists by surprise is a clear demonstration of just how defective Keynesian thinking is. However, Paul Kasriel, chief economist at Northern Trust Co, is one economic commentator who predicted falling productivity, saying that “productivity is not as miraculous as [...]

Continued from Boom & Recession Part 1
The Reserve Bank has also suggested that the surplus, or some of it, should be uses for another wage-tax trade-off. This would, in its view, act as the desired “circuit breaker” on ‘wage inflation’ even though it might reduce savings. Now the question of savings and inflation are too [...]

The truth about the 1980’s boom and the depression by Gerard Jackson
We have not learnt the lessons of the 1980’s…
It seems that the Reserve Bank has already thrown up its first line of defense. It appears to be arguing that the monetary explosion of the past few years was in response to the demand for [...]