The Busiest Man in New York Real Estate

Gary Barnett wrote a letter. It was nine paragraphs and it circulated earlier this year to people like Michael Bloomberg, David Axelrod and Larry Summers.

“Even someone with a good job today is afraid to spend, because he is afraid he will not have a job a few months down the road.”

Mr. Barnett, the prolific president of development concern Extell, then offered a policy prescription for encouraging business amid what was just...

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