As soon as Mr. Roosevelt took office, the Federal Reserve…
![“As soon as Mr. Roosevelt took office, the Federal Reserve began to buy government securities at the rate of ten million dollars a week for 10 weeks, and created one hundred million dollars in new [checkbook] currency, which alleviated the critical famine of money and credit, and the factories…” quote by Eustace Mullins](https://sms4smile.com/q/i/084/eustace-mullins-25201_banking_as-soon-as-mr-roosevelt-took-office-the_1432961.jpg)
“As soon as Mr. Roosevelt took office, the Federal Reserve began to buy government securities at the rate of ten million dollars a week for 10 weeks, and created one hundred million dollars in new [checkbook] currency, which alleviated the critical famine of money and credit, and the factories started hiring people again.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Government stimulus via money creation can revive a stalled economy and reduce credit scarcity.
In simple terms: Stimulus money revives economy.
Key Takeaway
Use fiscal tools to address credit crunches.
Themes
economics
policy
stimulus
Mood
analytical
concerned
Type
historical
economic
When to use this quote
- recession recovery
- government spending
- bank lending
- business hiring
Key Concepts
macroeconomics
finance
Questions to Reflect On
- What are the limits of monetary stimulus?
- How can policy avoid long‑term inflation?
A Different Perspective
Inflation risk if money supply expands too quickly.