Excerpts from the Press Conference
09/13/1937
https://www.presidency.ucsb.edu...
There has been absolutely no doubt from the legal point of view of the authority under the previous Act to stabilize more than once.
The issuance and control of the medium of exchange which we call 'money' is a high prerogative of government.
Our national currency must be maintained as a sound currency which, insofar as possible, will have a fairly constant standard of purchasing ...
It is right or proper that a handful of people... should have the right, without check, at their own sweet will, to dump Government bonds in...