18Forty Podcast
18Forty Podcast

Finance Debate: Larry Rothwachs and Leslie Ginsparg Klein

June 16, 2026

AI Summary

5 min read

On a Tuesday morning in a modern Orthodox home, a child asked his father why he would say the Shehecheyanu blessing on a new suit—unless it was a custom suit. For Rabbi Larry Rothwachs, senior rabbi of Congregation Beth Aaron, that moment captured something deeper than a child’s misunderstanding. It signaled a shift in what the community has come to treat as normal, ordinary, and worthy of gratitude. This story anchored the 18Forty podcast’s annual debate, held live in Teaneck, New Jersey, on whether the current state of simchas—Jewish celebrations like bar mitzvahs and weddings—and extravagant lifestyle spending in the Orthodox community has become problematically excessive and should be significantly curtailed. Rothwachs argued the affirmative; Dr. Leslie Ginsparg Klein, dean and chief academic officer of Gratz College, argued the negative. What followed was not a shouting match but a nuanced exploration of money, desire, community pressure, and the difference between cost and value.

The affirmative case: communal responsibility and spiritual drift

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What you'll learn

  • 1 (04:31) **Opening the Debate** - Host David Bashevkin introduces the 18Forty annual debate and frames the evening as a conversation about values, not just costs.
  • 2 (06:51) **The Affirmative: Rabbi Larry Rothwachs** - Rabbi Rothwachs argues that the community’s spending culture is excessive and inconsistent with core Torah values.
  • 3 (12:17) **The Negative: Dr. Leslie Ginsparg Klein** - Dr. Klein argues that elaborate Jewish celebrations are a long-standing tradition and that spending on them supports the community.
  • 4 (31:49) **Cross-Examination: Rothwachs Responds** - Rabbi Rothwachs challenges Dr. Klein’s points, focusing on the real-world damage of spending beyond one’s means and the limits of the economic argument.
  • 5 (36:21) **Cross-Examination: Klein Responds** - Dr. Klein pushes back on the resolution's core assumption, arguing that "excessive" is subjective and that the real problem is a lack of education, not spending itself.
  • 6 (41:59) **Direct Exchange & Rapid Fire** - The debaters engage in a direct back-and-forth, followed by a rapid-fire question segment.
  • 7 (58:59) **Closing Statements: Rothwachs** - Rabbi Rothwachs delivers an emotional closing, arguing that the community’s excess does not reflect its true values.

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Show Notes

In this annual debate episode of the 18Forty Podcast, David Bashevkin moderates a discussion on finances within the Orthodox Jewish community. 

The specific resolution is: The current state of semachot in our community and the level of spending on them, as well as extravagance in lifestyle in general, is problematically excessive and should be significantly curtailed.

Rabbi Larry Rothwachs defends the affirmative, while Dr. Leslie Ginsparg Klein argues the negative.

In this episode we discuss:

—Are extravagant weddings a detriment to the Jewish community, or do the benefits outweigh the negative externalities?
—What should the Jewish community spend more and less money on?
—Could financial education in Jewish schools alleviate cultural financial pressures?

Tune in to hear a conversation about what we desire as a community and how we can attain it.

Debate begins at 6:17.

Rabbi Larry Rothwachs is a rabbi, therapist, and educator who has led Congregation Beth Aaron in Teaneck, New Jersey since 2002. A longtime teacher and leader within Yeshiva University and RIETS, he currently serves as Director of Professional Rabbinics at RIETS, head rabbi of Camp Morasha, and founding rabbi of Meromei Shemesh, a new community in Ramat Beit Shemesh. He lives with his wife, Chaviva, and their family.

Dr. Leslie Ginsparg Klein is Dean and Chief Academic Officer of Gratz College and a scholar of Jewish education and history. Formerly Academic Dean at the Women’s Institute of Torah Seminary & College, she is a widely sought speaker on Jewish history, Tanakh, leadership, and communication. She earned her Ph.D. from New York University researching Orthodox girls’ education and the Bais Yaakov movement, and lives in Baltimore with her family.

References:

18Forty Podcast: “A Debate Between Yitzchak Blau & Itamar Rosensweig: Does Morality Exist Outside of Judaism?

Eruvin 13b

Wanting: The Power of Mimetic Desire in Everyday Life by Luke Burgis

The Index Card: Why Personal Finance Doesn't Have to Be Complicated by Helaine Olen and Harold Pollack

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