Depressing mistakes

I recently read this book by Paul Krugman that revisits all the mistakes that lead us to the present economic crisis. I will let you discover the book for yourself, including all the errors of Alan Greenspam, the IMF, and dumb politicians across the world, but my personal favourite is this quote from the depths of the Great Depression, by former US Secretary of Treasure Andrew Mellon: "Liquidate labour, liquidate stocks, liquidate the farmers, liquidate real estate... purge the rottenness out of the system".

This quote by a senior state official is credited as part of the reason why the recession turned into a depression in the 30's. Can you imagine today's politicians saying "Close down every business that is not doing well?". No mather how much we dislike the bank rescues that took place a little bit everywhere across the world, at least we seem to have learned something from past mistakes.