Liquidate Labor

Then
Not again, however, would people suppose that the best policy would be-as [Treasury] Secretary [Andrew W.] Mellon so infelicitously phrased it-to "liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate." Our determination to deal firmly and adequately with a serious depression is still to be tested. But there is still a considerable difference between a failure to do enough that is right and a determination to do much that is wrong. (Galbraith)

Now
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