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October 26, 2014

Liquidation strategy

"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."

-- Treasury Secretary Andrew Mellon insisted, via Heather Cox Richardson.