08/26/1926
https://www.presidency.ucsb.edu...
"The United States Government was trying to fix the price of silver by law, which, of course, was bound to fail."
"The direct benefit which accrues to the borrowers from these banks, because all National, State, and local taxes are thus remitted on their borrowings, is probably not less than $500,000,000 a year."
"We can see now that the fundamental difficulty was overproduction, complicated by unsound money."
"I am working on my Message to the Congress."