Remember, the recession isn't all bad

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From: Dan Scanlan 

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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

^^^
CB: Aren't bankers already all "liquid" , in one of the economic metaphors of 
"solid, liquid , gas" ?   The recent bank crisis was a "liquidity" crisis in 
the sense that they weren't liquid enough.

Then there's the bubbles, which of course are full of gas, metaphorically. I 
guess that's gas posing as if it were a liquid. When they burst , we find out 
that they are all hot air and not liquid ( real money).

Then there's "liquidationism" in party tactics. Marx and Engels liquidated the 
International at one point (smile). 



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