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

To: "Progressive Economics" <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: Re: [Pen-l] Remember, the recession isn't all bad
From: "Jim Devine" <jdevine03@xxxxxxxxx>
Date: Sun, 14 Dec 2008 11:07:16 -0800
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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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References:
- [Pen-l] Remember, the recession isn't all bad
  - From: Charlie
- Re: [Pen-l] Remember, the recession isn't all bad
  - From: Doug Henwood
- Re: [Pen-l] Remember, the recession isn't all bad
  - From: Carrol Cox
- Re: [Pen-l] Remember, the recession isn't all bad
  - From: Doug Henwood

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Thread context:
- Re: [Pen-l] Remember, the recession isn't all bad, (continued)
  - Re: [Pen-l] Remember, the recession isn't all bad, Jim Devine Sun 14 Dec 2008, 17:45 GMT
  - Re: [Pen-l] Remember, the recession isn't all bad, Doug Henwood Sun 14 Dec 2008, 17:55 GMT
    - Re: [Pen-l] Remember, the recession isn't all bad, Carrol Cox Sun 14 Dec 2008, 18:20 GMT
      
      Re: [Pen-l] Remember, the recession isn't all bad, Doug Henwood Sun 14 Dec 2008, 18:37 GMT
      
      Re: [Pen-l] Remember, the recession isn't all bad, Jim Devine Sun 14 Dec 2008, 18:42 GMT
      
      Re: [Pen-l] Remember, the recession isn't all bad, Dan Scanlan Sun 14 Dec 2008, 19:27 GMT
    - Re: [Pen-l] Remember, the recession isn't all bad, Jim Devine Sun 14 Dec 2008, 18:34 GMT
      
      Re: [Pen-l] Remember, the recession isn't all bad, raghu Sun 14 Dec 2008, 20:42 GMT
      
      Re: [Pen-l] Remember, the recession isn't all bad, Doug Henwood Sun 14 Dec 2008, 20:52 GMT

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