To prevent inflation, the Fed should follow Teddy Roosevelts advice: Speak softly and carry a big stick.

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“To prevent inflation, the Fed should follow Teddy Roosevelt’s advice:’ Speak softly and carry a big stick.” What would the Fed’s “big stick” be? What is the statement trying to say?

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Aug 12, 2012 04:35 AM

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To prevent inflation, the Fed should follow Teddy Roosevelts advice: Speak softly and carry a big stick.

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