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Re: [Pen-l] Remember, the recession isn't all bad



Doug Henwood wrote:
>... Here's the Mellon quote: "Liquidate labor, liquidate
> stocks, liquidate the farmers, liquidate real estate.... It will purge the
> rottenness out of the system. High costs of living and high living will come
> down. People will work harder, live a more moral life. Values will be
> adjusted, and enterprising people will pick up from less competent people."

that sounds like what Chicago economist Steven Leavitt said on NPR
news yesterday (in an interview with Scott Simon).
-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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