America s Treasury Secretary in the Great Depression was also a titan of finance, Andrew Mellon. Mellon s immediate conclusion in the face of the 1929 stock market panic has subsequently become notorious liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate purge the rottenness out of the system.

In this sense, the term alchemy could be applied to pre Keynesians like US Treasury Secretary Andrew Mellon, whose prescription at the start of the Great Depression was to liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate in order to purge the rottenness out of the system. It could also be applied to those today who favor returning monetary policy to the pre 1914 gold standard.

2.3 The author took several steps to liquidate Capital's assets, including selling some of Capital's real estate.

And I had a happy brush with convergence until, kind of, Warner basically has to liquidate the whole thing.

On 4 October 1977, the Court ruled for the plaintiff, sentenced the defendants to pay the true value of the works, and decided that the plaintiff should liquidate the debt.

Moreover, the court itself has the right to enforce the founders of the legal entity or the body who is competent in liquidating the entity, to liquidate that legal entity.

In paragraph 54 of its report, the Board recommended that the Fund further request the United Nations Secretariat to liquidate its cost sharing obligations, and seek a new procedure to account for cost sharing arrangements.

4.3 Appropriations shall remain available for twelve months following the end of the financial period to which they relate to the extent that they are required to liquidate any outstanding legal obligations of the financial period.

A government cannot liquidate its deficit if the source of its revenues, the national income, is diminishing. It is deficit reduction, not debt, that is profligate, because it implies wastage of available human and physical capital, quite apart from the resulting misery.

The new Egypt should make a clean break with Mubarak and his creditors, and let them sort out their business among themselves without involving the Egyptian people. The Egyptian government s only role should be to help liquidate Mubarak assets for repayment should the need arise.

To reiterate our decision contained in paragraph VI 2 of the Havana Programme of Action on financial contributions to the G 77 Secretariat and call on members in arrears to expeditiously liquidate their arrears and on all members to make their annual contributions in a timely manner.

In the interwar Great Depression, the economist Irving Fisher accurately described the process of debt deflation, in which lenders, worried by the deterioration of their asset quality, called in their loans, pushing borrowers to liquidate assets. That, in turn, merely drove down prices further, leading to more credit rationing, bankruptcies, and bank failures.

As with the specter of Communism that haunted Europe in Karl Marx s famous manifesto, so today a ll the powers of old Europe have entered into a holy alliance to exorcise the specter of national debt. But statesmen who aim to liquidate the debt should recall another famous specter the specter of revolution.

A fully functioning monetary union also requires a central bank that is free to act as required to confront liquidity and confidence shocks, some mutualization of government debts, and centralized control over fiscal policy. Moreover, it must have centralized banking supervisory policies, with strong powers to manage bank crises and to liquidate banks that cannot be rescued.

An increase in the stock price of steel manufacturers suggests an increase in the demand for steel, which induces entrepreneurs to start more steel plants and investors to provide them with the money. Conversely, a decrease in the stock price of steel manufacturers leads entrepreneurs to liquidate existing plants and dissuades investors from committing more resources to the sector.

Thatcher s answers to the growing industrial disorder of the 1970 s were monetarism to liquidate inflation, legal curbs on trade union power, and privatization of bloated state owned industries selling off the family silver as former Conservative Prime Minister Harold Macmillan called it. The aim of all three measures was to restore both state authority and economic dynamism.

Had that happened, there would have been an unacceptable risk that the news would leak to speculators before Société Générale had a chance to liquidate the extraordinary large stock positions that Jérôme Kerviel had amassed, presumably without the bank s knowledge. The loss for Société Générale could have been far higher than the 5 billion it is reported to have incurred.