Vietnam or Thailand ? Vote for the TOP Country of the Week !
Updated: May 22, 2025
In my message of December 2, 1902, to the Congress I said: "Interest rates are a potent factor in business activity, and in order that these rates may be equalized to meet the varying needs of the seasons and of widely separated communities, and to prevent the recurrence of financial stringencies, which injuriously affect legitimate business, it is necessary that there should be an element of elasticity in our monetary system.
In my message of December 2, 1902, to the Congress I said: "Interest rates are a potent factor in business activity, and in order that these rates may be equalized to meet the varying needs of the seasons and of widely separated communities, and to prevent the recurrence of financial stringencies, which injuriously affect legitimate business, it is necessary that there should be an element of elasticity in our monetary system.
With this opinion I am unable to agree and I am inclined to think that in forming it he had in mind temporary financial stringencies and perhaps a comparison between Washington and the scientific farmers of to-day instead of the juster comparison with the farmers of that day.
Interest rates are a potent factor in business activity, and in order that these rates may be equalized to meet the varying needs of the seasons and of widely separated communities, and to prevent the recurrence of financial stringencies which injuriously affect legitimate business, it is necessary that there should be an element of elasticity in our monetary system.
Word Of The Day
Others Looking