To go further than these limits in either expenditures, taxes, or borrowing will destroy confidence, denude commerce and industry of its resources, jeopardize the financial system, and actually extend unemployment and demoralize agriculture rather than relieve it.
Herbert Hoover: “To go further than these limits in either expenditures, taxes, or borrowing will destroy confidence, denude commerce and…”
Editor's note · Context
Hoover warns that exceeding financial limits could harm commerce, industry, and agriculture.
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