26 February 2014 - 26 May 2014 I favour the policy of economy not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the government. Every dollar we carelessly waste means that their life … [Read more...] about Leithner Letter Nos. 171-174
Uncategorized
Leithner Letter Nos. 167-170
26 October 2013 - 26 January 2014 In short, the delusion of paper riches is working as rapidly in England as it did in America. A young and inexperienced Minister, like a young and inexperienced Congress, may suppose that he sees mines of wealth in a printing press, and that a … [Read more...] about Leithner Letter Nos. 167-170
Leithner Letter Nos. 163-166
26 July 2013 - 26 October 2013 During every preceding period of stock speculation and subsequent collapse there has been the same widespread idea that in some miraculous way, endlessly elaborated but never actually defined, the fundamental conditions and requirements of progress … [Read more...] about Leithner Letter Nos. 163-166
Leithner Letter Nos. 159-162
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