John Stuart Mill, (1806-1873) English philosopher and economist Share on Facebook Share on Twitter Comment on this quote Share via Email Print this Page John Stuart Mill Quote “Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works.”John Stuart Mill ~ John Stuart Mill (1806-1873) English philosopher and economistRatings and Comments Reply J Carlton, Calgary 8/9/12 And it is destroyed by inflation...which means printing more and more worthless paper tickets. That's what a "bail out" is... Reply jim k, Austin, Tx 8/9/12 And your money buys less and less and,hey, isn't that like a hidden tax. Why I believe it is. Reply E Archer, NYC 8/12/12 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... SaveOk2 SaveOk2 View CommentsClick to view or comment. Share on Facebook Tweet Email Print This John Stuart Mill quote is found in these categories: About John Stuart Mill Bio of John Stuart Mill Quotations by John Stuart Mill Books by/about John Stuart Mill John Stuart Mill videos John Stuart Mill on Wikipedia Astrological chart for John Stuart Mill