The President's News Conference
01/09/1930
https://www.presidency.ucsb.edu...
Of course, hoarding is just one of the parts of the vicious cycle that starts from a shortage of credit.
The public can understand that if one local merchant finds it difficult to borrow from the banks his normal credit to maintain a stock of go...
When a railway goes into receivership from inability to find money with which to pay interest on bonds, then again not only do we have depre...
What we are trying to do is open the channels of credit so as to dissipate fear and apprehension in the minds of the bankers and the public ...