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

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*14. “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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The Economics Of Money Banking And Financial Markets

ISBN: 9780321122353

7th Edition

Authors: Frederic S. Mishkin

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Question Posted: Jul 26, 2024 10:00 AM

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

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The Economics Of Money Banking And Financial Markets

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