26 February 2013 - 26 June 2013 recession. On Wednesday, Chairman Ben Bernanke declared that this has worked so well that the Fed must keep easing money for as long as anyone can predict in order to save a still-sputtering recovery. That’s the contradiction at the heart of the … [Read more...] about Leithner Letter Nos. 159-162
Leithner Letter Nos. 155-158
26 November 2012 - 26 February 2013 Is lying considered an appropriate mode of communication for euro-zone leaders? Asked whether deliberate misinformation would undermine the market’s confidence in future euro-zone pronouncements, [Guy Schuller, the spokesman for Luxembourg … [Read more...] about Leithner Letter Nos. 155-158
Leithner Letter Nos. 151-154
26 July 2012 - 26 October 2012 At the same time that China’s economy no longer benefits from these three favourable conditions, it must recover from the dislocations – asset bubbles and inflation – caused by Beijing’s excessive pump priming in 2008 and 2009, the biggest economic … [Read more...] about Leithner Letter Nos. 151-154
Leithner Letter Nos. 148-150
26 April 2012 - 26 June 2012 Is lying considered an appropriate mode of communication for euro-zone leaders? Asked whether deliberate misinformation would undermine the market’s confidence in future euro-zone pronouncements, [Guy Schuller, the spokesman for Luxembourg Prime … [Read more...] about Leithner Letter Nos. 148-150
Leithner Letter Nos. 144-147
23 December 2011 - 23 March 2012 I consider economic laws comparable to natural laws, and I have just as much faith in the principle of the division of labor as I have in the universal law of gravitation. I believe that while these principles can be disturbed, they admit of no … [Read more...] about Leithner Letter Nos. 144-147