[lbo-talk] Fwd: Forbes: "There Is No Keynesian Miracle"

[Marv Gandall]

I probably should have made it clear that, apart from the harumphing, the quote below was ascribed to Hoover's Treasury Secretary Andrew Mellon at the onset of the Great Depression, by Hoover himself in his 1952 memoirs. :)

Begin forwarded message:


> From: Marv Gandall <marvgandall at videotron.ca>
> Date: March 14, 2010 8:03:13 AM EDT
> To: lbo-talk at lbo-talk.org
> Subject: Re: [lbo-talk] Forbes: "There Is No Keynesian Miracle"
> Reply-To: lbo-talk at lbo-talk.org
> 
> 
> On 2010-03-13, at 11:53 PM, Sandy Harris wrote:
> 
>> Interesting article:
>> http://www.forbes.com/forbes/2010/0301/opinions-paul-johnson-current-events.html?feed=rss_popstories
> ==============================
> Harumph. Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. 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. Harumph.
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