Detroit News: “Economist Keeps Vested Interests Honest”: “Detroit got a little safer for the vested interests on Monday. That’s the day David Littmann, Comerica’s irrepressible economist, retired after nearly 35 years. His official job was to advise his bank about future economic trends, but sometimes it seemed his real job was speaking the truth to power.... Littmann says his eyes were further opened by the teachings of Friedrich Hayek, an Austrian economist whose 1940s’ classic, The Road to Serfdom, showed why socialism, however idealistic, always and everywhere led to bad outcomes. No group of central planners, no matter how smart, observed Hayek, could ever have enough information to run an entire economy.”
Hayek Sighting
