Chris

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

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

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

26 July 2017 - 26 August 2017 My impression is that “strategists” are very skilled at summarising and expressing current conventional wisdom, i.e., knowing what presently excites the herd. They don't influence mass expectations, and still less do they create them: instead, they … [Read more...] about Leithner Letter No. 213-214

26 March 2017 - 26 June 2017 Let the directors of the [Second Bank of the United States] pursue their business on principles of Christian benevolence, and all will be well. Let them wind up the business of the Bank, without attempting to break down the government, … and it will … [Read more...] about Leithner Letter Nos. 209-212