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: Dan Scanlan <coolhanduke1029@xxxxxxxxxxxxx>
Date: Sun, 14 Dec 2008 11:51:47 -0800
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On Dec 14, 2008, at 11:02 AM, Doug Henwood wrote:

Not quoting literally. 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."

I notice Banker Mellon didn't say anything about liquidating the banker. But then, there's nothing there to liquidate, except perhaps the borrower's promise to pay for imaginary money with real effort. What an arse.

Dan

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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, 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
      
      Re: [Pen-l] Remember, the recession isn't all bad, Carrol Cox Sun 14 Dec 2008, 20:57 GMT

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