26 March – 26 June 2019 “Here’s the truth, Brothers and sisters, there’s plenty of money in the world. There’s plenty of money in this city. It’s just in the wrong hands.” [So said New York City’s Mayor, Bill de Blasio, in his State of the City address on 10 January 2019]. … [Read more...] about Leithner Letter No. 233-236
Leithner Letter Nos. 229-232
26 November 2018 – 28 February 2019 Ask yourself … what imprint will you leave in the sands of history? Did we take risks? Did we dare to defy expectations? Did we challenge accepted wisdom and take on established systems? … Or did we just go along with convention, swim … [Read more...] about Leithner Letter Nos. 229-232
Leithner Letter Nos. 226-228
26 August – 26 October 2018 The academic world is the natural habitat of half-baked ideas … You might think that the collapse of communism throughout Eastern Europe would be considered a decisive failure for Marxism, but academic Marxists in America are utterly undaunted. Their … [Read more...] about Leithner Letter Nos. 226-228
Leithner Letter Nos. 222-225
26 April 2018 - 26 July 2018 California Governor Jerry Brown said legal rulings may clear the way for making cuts to public pension benefits, which would go against long-standing assumptions and potentially provide financial relief to the state and its local governments. Brown … [Read more...] about Leithner Letter Nos. 222-225
Leithner Letter Nos. 215-221
26 September 2017 - 26 March 2018 Alan Jay Levinovitz recently put forth the provocative argument that economics is The New Astrology. … The failure of the field to predict the 2008 crisis has also been well-documented. In 2003, for example, only five years before the Great … [Read more...] about Leithner Letter Nos. 215-221