Political Quotes

Herbert Hoover: “There has been no inflation in the prices of commodities; there has been no undue accumulation of goods, and foreign…”

On the record
There has been no inflation in the prices of commodities; there has been no undue accumulation of goods, and foreign trade has expanded to a magnitude which exerts a steadying influence upon activity in industry and employment.
Said by
Herbert Hoover
Republican · California

Editor's note · Context

Hoover asserts that there has been no inflation or excessive accumulation of goods, indicating a stable economy.

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