FDR: “Overproduction, underproduction and speculation are three evil sisters…”

On the record

Overproduction, underproduction and speculation are three evil sisters who distill the troubles of unsound inflation and disastrous deflation.

Said by

Democratic · New York

Source

Roosevelt metaphorically describes overproduction, underproduction, and speculation as intertwined issues affecting the economy.

More from FDR

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Apr 4, 1945

It is not really of any great importance.

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FDR: “Overproduction, underproduction and speculation are three evil sisters who distill the troubles of unsound inflation and…”