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The Thirteenth Press Conference of President Franklin D. Roosevelt

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153 13 -2- would put it: I don't know whether you can hear me at the back of the room - my voice isn't particularly strong this morning, since I have a cold. If I were going to write a story, I would write it along the lines of the decision that was actually taken last Saturday, but which really actually goes into effect today, by which we, the Government, will not allow the exporting of gold, except earmarked gold for foreign governments, of course, and balances in com- mercial exchange. That is for straight movement. If you want to know the reason why, I think the best exposition of it was by Walter Lippman yesterday morn- ing. In other words, the whole problem before us is to raise commodity prices. For the last year, the dollar has been shooting up and we decided to quit competition. The general effect probably will be an increase in com- modity prices. It might well be called the next step in the general program. Q In other words, let the dollar take care of itself? THE PRESIDENT: Yes, let the dollar take care of itself

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Context sent to Scholar

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    "ocrText": "153\n13 -2-\nwould put it: I don't know whether you can hear me at\nthe back of the room - my voice isn't particularly\nstrong this morning, since I have a cold. If I were\ngoing to write a story, I would write it along the\nlines of the decision that was actually taken last\nSaturday, but which really actually goes into effect\ntoday, by which we, the Government, will not allow\nthe exporting of gold, except earmarked gold for\nforeign governments, of course, and balances in com-\nmercial exchange. That is for straight movement.\nIf you want to know the reason why, I think the best\nexposition of it was by Walter Lippman yesterday morn-\ning.\nIn other words, the whole problem before us is to\nraise commodity prices. For the last year, the dollar\nhas been shooting up and we decided to quit competition.\nThe general effect probably will be an increase in com-\nmodity prices. It might well be called the next step\nin the general program.\nQ In other words, let the dollar take care of itself?\nTHE PRESIDENT: Yes, let the dollar take care of itself"
}