John Stuart Mill Quote - Liberty Quotes Blog

"Panics do not destroy capital; they merely reveal the extent
to which it has been previously destroyed by its betrayal into
hopelessly unproductive works."

by:	John Stuart Mill (1806-1873) English philosopher and economist
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Reader comments about this quote:

And it is destroyed by inflation...which means printing more and more worthless paper tickets. That's what a "bail out" is... -- J Carlton, Calgary
And your money buys less and less and,hey, isn't that like a hidden tax. Why I believe it is. -- jim k, Austin, Tx
Panics are usually the technique for squeezing the last juice out of the lemon -- then they bail out the very guys who make it happen, over and over and over... -- E Archer, NYC

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