Word: borrowers
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Dates: during 1970-1979
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Nonetheless, it seems imperative for the Federal Reserve to tighten up by feeding less money into the banks than people want to borrow from them, an effort in which Miller will need Carter's full support. Though the board runs its own show on interest rates and money supply and is not subject to presidential orders, as a practical matter it must try to coordinate its policy with that of the Administration...
...quickly before they rot. Recalls Pat: "We were at the mercy of people a thousand miles away who just were not concerned with our needs." So Benedict, as a director of the Red River Valley Sugarbeet Growers Association, organized 1,600 farmers to put up $20 million in cash, borrow another $47 million and buy out the company. Now they run the mills, sell sugar directly to industrial users and have access to a company computer that provides each farmer-investor with a detailed analysis of his beet fields for the past three years...
Carter yesterday ordered an unprecedented increase of a full percentage point in the lending rate at the nation's central bank, arranged to borrow up to $30 billion in foreign currencies to buy dollars that are unwanted abroad and ordered an increase in the sale of U.S. gold reserves...
...money supply other than raising interest rates; it can, for example, pull money out of the banking system by selling Government securities. But heavy loan demands defeat the best-laid plans and cause both interest rates and the money supply to rise. So it is a destructive cycle: people borrow to stay ahead of inflation, and vigorous borrowing feeds inflation. So all economic troubles now come back to inflation-a great evil in itself and the main force that is driving down the dollar and the stock market, forcing up interest rates, frightening consumers and threatening recession. In selling...
...purposes, although an increasing number of courses in the Government and Economics Departments were designed with the School in mind. All courses were formally listed as being in the Ec or Gov departments. "Classes were held all over the lot. I taught them wherever I could beg, borrow or steal some space," Price says...