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Elena Leontjeva

ABOUT Elena Leontjeva
Elena Leontjeva is co-founder and President of the Lithuanian Free Market Institute (LFMI). Elena led LFMI from its inception until 2001 and returned to serve as the organization’s president in 2020. Elena Leontjeva played a key role in building the legal and institutional foundations for Lithuania’s economy, including the Currency Board and the Litas Credibility Law, the securities market, banking, tax and budget reforms, private pension insurance, downsizing state functions and deregulation known as the Sunset and Sunrise initiatives. She served as senior economic advisor to President Valdas Adamkus and state counselor on economic reform issues under six administrations. Elena has pioneered interdisciplinary research on the phenomena of lack and scarcity. She has co-edited a peer-reviewed publication ‘The Phenomenon of Lack: Being, Man and Society’ and co-created a documentary Sublime Thirst. She is the author of a novel “The Market Square, or the Story of Two Joannes”.
Four Waves of Inflationary Taxes, Are You Ready?
Economy
Four Waves of Inflationary Taxes, Are You Ready?
BY Elena Leontjeva AND LFMI / January 14, 2022
Inflation is often referred to as a tax, imposed without parliamentary approval, without legislation and without considering the consequences. Today’s inflation is special: printing money seemed to be pretty much the only way to respond to the pandemic and to finance rising public spending.
State and Citizen: To Serve or to Rule?
Society
State and Citizen: To Serve or to Rule?
BY Elena Leontjeva AND LFMI / November 25, 2021
‘To serve or to rule?’ – this is a dilemma we face as we reflect on the fundamental principles of “the scope of powers [of the state] shall be limited by the Constitution” and “state institutions shall serve the people” on the occasion of the Constitution Day.
State Can Print Money, Not People
Economy
State Can Print Money, Not People
BY Elena Leontjeva AND LFMI / November 24, 2021
Governments have responded to the pandemic by printing money, thus disrupting the usual economic relationships. Financial capital, which was long been regarded as a most-demanded resource, has lost its position to raw materials which in turn have lost to labor force.
Quarantine as Double Punishment
Economy
Quarantine as Double Punishment
BY Elena Leontjeva AND LFMI / July 28, 2021
The justice of compensating for the quarantine is once again one of the main societal concerns. Previously made mistakes are leading to more and more flawed interpretations and force us to go back to the origins of the crisis. Did companies, which received \"quarantine relief\" from the government, have a right to breathe, move and change? In economic terms, it means to pay, invest, purchase, trade and transfer.