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Did Andrew Mellon say to Herbert Hoover Here's a dime call both of them?
Wiki User
∙ 15y ago
Treasury Secretary Andrew Mellon told Herbert Hoover in 1931: Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. 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.
Wiki User
∙ 15y ago
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