Thursday, September 18, 2008

Out of a morbid attraction to train wrecks, I'm watching CNBC. One of the guests this morning was a "private equity guy" from tony Newton, Mass., who was arguing against government intervention because the market needed to work things out on its own. I didn't record his exact words, but they were something like this:
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 the wrecks from less competent people.
It's a policy line with a long and interesting history --- this was Treasury Secretary Andrew Mellon's advice to Herbert Hoover...


Anonymous mojrim said...

Well... It could work; if we could have real purge...

12:02 PM  
Anonymous said...

Way cool! Some very valid points! I appreciate you penning this post plus the rest of the website is very good.
Cara Mengatasi Flu dan Batuk Cara Mengatasi Gatal Pada Kulit Obat Sirosis Hati Herbal Cara Mengatasi Infeksi Saluran Pernapasan Akut Cara Menjadi Agen Green World

12:27 AM  
Blogger Adeline Niesha said...

Thats a good' article, i usually amazed with' this thing, i asked myself about this opinion, I wish You'll a better articles that can make another people live..don't make the article feel rigit and isn't interesting and poor, i like to read this' article and i think this is "good".thank you' m'y brother...........

3:18 AM  
Blogger Michael Husen said...

I was about to say something on this topic. But now i can see that everything on this topic is very amazing and mind blowing, so i have nothing to say here. I am just going through all the topics and being appreciated. Thanks for sharing.

1:41 AM  
Anonymous cara mengobati Penyakit TBC yang alami said...

good information. thank you.
cara mengobati katarak
cara mengobati sakit sendi
cara mengobati sinusitis
gejala prostat
cara mengobati penyakit tbc

4:17 AM  

Post a Comment

Subscribe to Post Comments [Atom]

<< Home