Emerson on the benefits of finacial crises

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	Emerson on the benefits of finacial crises

kroqben

10-28-2008 12:59 PM

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kroqben says:

thoughtful

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7064af3d-0952-478e-9f38-d0d9269bec87/75EE85F2-6D1A-41B9-96C0-B7F7E34F2D1B/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.nytimes.com/2008/10/12/opinion/12bloom.html?_r=1&scp=1&sq=emerson%201837&st=cse&oref=slogin" href="http://www.nytimes.com/2008/10/12/opinion/12bloom.html?_r=1&scp=1&sq=emerson%201837&st=cse&oref=slogin" style="font-size: 11px;">www.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/10/12/opinion/12bloom.html?_r=1&scp=1&sq=emerson%201837&st=cse&oref=slogin"><NYT_HEADLINE type=" " version="1.0">
Out of Panic, Self-Reliance
</NYT_HEADLINE></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/10/12/opinion/12bloom.html?_r=1&scp=1&sq=emerson%201837&st=cse&oref=slogin"><P> The similarities between the crashes of 1837 and 1929 are evident again today. I am not an economist or a political scientist, but having been born in 1930, I retain poignant early memories of the impact of the Great Depression upon my father, a working man who struggled to maintain a family with five children in a very hard time. I am a scholar of literature and religion, and would advise whoever becomes president to turn to Ralph Waldo Emerson, whose influential vision of America was deeply informed by the crisis of 1837:</P></blockquote><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content9.clipmarks.com/images/clip-icon.gif" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.nytimes.com/2008/10/12/opinion/12bloom.html?pagewanted=2&_r=1&sq=emerson%201837&st=cse&scp=1" href="http://www.nytimes.com/2008/10/12/opinion/12bloom.html?pagewanted=2&_r=1&sq=emerson%201837&st=cse&scp=1" style="font-size: 11px;">www.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/10/12/opinion/12bloom.html?pagewanted=2&_r=1&sq=emerson%201837&st=cse&scp=1">The literature of the poor, the feelings of the child, the philosophy of the street, the meaning of the household life, are the topics of the time. It is a great stride. It is a sign — is it not? — of new vigor, when the extremities are made active, when currents of warm life run into the hands and feet .... </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/75EE85F2-6D1A-41B9-96C0-B7F7E34F2D1B/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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