« Continue Browsing

Article Preview

PAUL KRUGMAN: Don’t treat recession as a morality play

Published 04/07/2013, New York Times

When the Great Depression struck, many influential people argued that the government shouldn’t even try to limit the damage. According to Herbert Hoover, Andrew Mellon, his Treasury secretary, urged him to “Liquidate labor, liquidate stocks, liquidate the farmers. … It will purge the rottenness out of the system.”

Word count: 797

Log In

The full article is available to newspaper subscribers. If you are a subscriber please log in to continue reading.

E-mail:
Password:
 

Are you a newspaper subscriber but you don't have a Digital Access account yet? Click here to set one up. You will need your subscription account number and phone number.

Not sure if you have an account? Email us at subscriberservices@forumcomm.com and we can help you.

Reset Your Password

Please enter your full e-mail address. We will e-mail you a temporary password.
E-mail: