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.
He suggests that monetary policy should allow for increased money supply during peak business seasons while avoiding inflation.
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More from Teddy Roosevelt
Every special interest is entitled to justice—full, fair, and complete—and, now, mind you, if there were any attempt by mob-violence to plunder and work harm to the special interest, whatever it may be, that I most dislike, and the wealthy…
The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood.
The good citizen will demand liberty for himself, and as a matter of pride, he will see to it that others receive the liberty which he thus claims as his own.
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