Political Quotes

Teddy Roosevelt: “Inflation must be avoided; but some provision should be made that will insure a larger volume of money during the Fall…”

On the record
Inflation must be avoided; but some provision should be made that will insure a larger volume of money during the Fall and Winter months than in the less active seasons of the year; so that the currency will contract against speculation, and will expand for the needs of legitimate business.
Said by
Teddy Roosevelt
Republican · New York

Editor's note · Context

He suggests that monetary policy should allow for increased money supply during peak business seasons while avoiding inflation.

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