26 September 2009 - 26 November 2009 From the beginning of the current financial crisis, many officials have been insisting that a big part of our problem is “confidence.” Remember back [in October-November 2008] when the $700 billion bailout was supposed to inject “confidence” … [Read more...] about Leithner Letter Nos. 117-119
Leithner Letter Nos. 114-116
26 June 2009 - 26 August 2009 My arrival (very recently) at philosophical anarchism has disturbed some of my conservative and Christian friends ... My fellow Christians have argued that the state’s authority is divinely given. They cite Christ’s injunction “Render unto Caesar … [Read more...] about Leithner Letter Nos. 114-116
Leithner Letter Nos. 111-113
26 March - 26 May 2009 Private ownership of savings … can be socially controlled. The social abuses connected with savings are encountered mainly in the mechanics of investment and financial management by the large banks, savings institutions, and insurance companies which … [Read more...] about Leithner Letter Nos. 111-113
Leithner Letter Nos. 108-110
26 December 2008 - 26 February 2009 The government’s policy [is creating] a short-term boom in housing. Like all artificially-created bubbles, the boom in housing prices cannot last forever. When housing prices fall, homeowners will experience difficulty as their equity is … [Read more...] about Leithner Letter Nos. 108-110