As soon as Mr. Roosevelt took office, the Federal Reserve began to buy government securities at the rate of ten million dollars a week for 10 weeks, and created one hundred million dollars in new [checkbook] currency, which alleviated the critical famine of money and credit, and the factories started hiring people again.
![As soon as Mr. Roosevelt took office, the Federal Reserve began to buy government securities at the rate of ten million dollars a week for 10 weeks, and created one hundred million dollars in new [checkbook] currency,](http://cdn.quoteddaily.com/images/eustace-mullins/as-soon-as-mr-roosevelt-took-office-the-federal-reserve-began-to-buy-government-securities-at-the-rate-of-ten.jpg)