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The Thirteenth Press Conference of President Franklin D. Roosevelt

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154 13 -3- and seek its own natural level instead of trying arti- ficially to support it. Q This policy would raise prices here at home. On the agenda of the International Conference there is an item for raising prices all over the world. THE PRESIDENT: Right. Q Can you give us any background on how that will be done internationally? By your policy it would be done na- tionally, but how would it be done internationally? THE PRESIDENT: of course, this really is a constructive move in the sense that it puts us in the same position with nearly all the other nations of the world. We start on the same footing and because we are such a large nation, it ought to increase the necessity for all nations getting together on a more stable basis. 5 Q Yes? THE PRESIDENT: It is a constructive move. It is a little bit like what happened nationally. What we had to do last March was to clear away the dead wood. We had been heading for a bank smash-up for a long time and what we did was a drastic thing, which was to clear away the dead wood and start afresh. Now, this is

Page data

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Size
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198103
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    "ocrText": "154\n13 -3-\nand seek its own natural level instead of trying arti-\nficially to support it.\nQ This policy would raise prices here at home. On the\nagenda of the International Conference there is an\nitem for raising prices all over the world.\nTHE PRESIDENT: Right.\nQ Can you give us any background on how that will be done\ninternationally? By your policy it would be done na-\ntionally, but how would it be done internationally?\nTHE PRESIDENT: of course, this really is a constructive\nmove in the sense that it puts us in the same position\nwith nearly all the other nations of the world. We\nstart on the same footing and because we are such a\nlarge nation, it ought to increase the necessity for\nall nations getting together on a more stable basis.\n5\nQ Yes?\nTHE PRESIDENT: It is a constructive move. It is a little\nbit like what happened nationally. What we had to do\nlast March was to clear away the dead wood. We had\nbeen heading for a bank smash-up for a long time and\nwhat we did was a drastic thing, which was to clear\naway the dead wood and start afresh. Now, this is"
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