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Examples
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So, e.g., there wasn't enough gold in Britain which went into a prolonged tight-money slump, while in countries like the US and France there was too much gold, which was inflationary.
Lessons of the Great Depression, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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For the same reason they were taking said dumps and pretending to panic about deflation in the mid-2000s, when the economy was growing and there was absolutely no risk of deflation: because they want to see growth-slowing, tight-money policies from the Fed when there is a Democrat in the White House, and growth-boosting, loose-money policies from the Fed when there is a Republican in the White House.
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Federal Reserve Chairman Paul Volcker, first appointed by Jimmy Carter, deserves enormous credit for bringing inflation down to 3.2% in 1983 from 13.5% in 1981 with a tight-money policy.
Reaganomics: What We Learned Arthur B. Laffer 2011
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February 19th, 2010 at 11: 44 am because they want to see growth-slowing, tight-money policies from the Fed when there is a Democrat in the White House, and growth-boosting, loose-money policies from the Fed when there is a Republican in the White House.
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When the economy finally reversed in the mid-1980s, it was the predicted bounce-back in the business cycle (even Reagan's budget chief David Stockman said so), a steep drop in global oil prices, and the inflation-fighting tight-money policies of then-Fed chairman Paul Volcker, an appointee of Jimmy Carter who today is a top adviser to Barack Obama.
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Obama's Economic Recovery Advisory Board will be guided by Paul Volcker, the former Fed chairman whose controversial tight-money policies ended the stagflation crisis of the 1970s but led to a nasty recession.
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We can't recall a similar tight-money intervention from a national leader, save perhaps Ronald Reagan's quiet support for Paul Volcker in the 1980s.
Merkel for the Fed 2009
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If he truly undertakes that titanic struggle, the results could eventually be extremely positive, not just for the Japanese public (long under the thumb of the tight-money Ministry of Finance) but for Americans.
A Telegenic Samurai 2008
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For deflation to turn dangerous, an obdurate Fed would have to run tight-money policies at a time when business was declining and people were being thrown out of work.
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Compounding matters, the Bank of Japan's tight-money policies are keeping it at home.
Rush To The Exits 2008
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