Cost Quote by Andrew Mellon
“Liquidate labor, liquidate stocks, liquidate 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.”
About This Quote
Source Speech: Economic Commentary, 1930s, United States
Advocates aggressive market restructuring to eliminate perceived inefficiencies and moral decay, believing hardship will inspire virtue and entrepreneurship.
In simple terms: Calls for sweeping economic purges to improve society.
Consider the impact of extreme economic policies.
Themes
Mood
Type
When to use this quote
- policy reform
- investment strategies
- social welfare programs
Key Concepts
Questions to Reflect On
- Is forced hardship a moral catalyst?
- What are the risks of eliminating vulnerable groups?
Potential human suffering and inequality may increase.