No action can change the status of the many billions outstanding, but we can guard against future encouragement of capital's paralysis, while a halt in the growth of public indebtedness would be beneficial throughout our whole land.
He emphasizes the importance of managing public debt and preventing future economic paralysis.
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We do not seek a selfish aloofness, and we could not profit by it, were it possible.
Again comes the reminder that we must not be unmindful of world conditions, that peoples are struggling for industrial rehabilitation and that we can not dwell in industrial and commercial exclusion and at the same time do the just thing…
The base of the pyramid of civilization which rests upon the soil is shrinking through the drift of population from farm to city.
I hope a way will be found to make for flexibility and elasticity, so that rates may be adjusted to meet unusual and changing conditions which can not be accurately anticipated.