Monday, December 20, 2010

Quote of The Day

Liquidate labor, liquidate stocks, liquidate 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.
— US Treasury Secretary Andrew Mellon to Hoover, 1931

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