On the record
The evil does not consist in an inadequate volume of money, but in the rigidity of this volume, which does not respond as it should to the varying needs of communities and of seasons.
Source
gutenberg.orgTeddy Roosevelt: “The evil does not consist in an inadequate volume of money, but in the rigidity of this volume, which does not respond…”
Editor's note · Context
Roosevelt identifies the problem of a rigid money supply that fails to adapt to economic demands.
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