Word: tighter
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Dates: during 1970-1979
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TIME'S Board of Economists sees more jobs, higher prices, tighter money...
Miller favors slightly tighter money and a bit less economic growth to wrestle down inflation. But he told TIME Washington Correspondent George Taber: "If curbing inflation is left to monetary policy alone, then we have very serious dilemmas. My priority has been to call attention to a coordinated effort by Congress, the Administration and the Federal Reserve." That is why he was the first major policymaker to urge a delay in Jimmy Carter's proposed $25 billion tax cut, a position vindicated when the President agreed to make the cut smaller and later...
...past two weeks to tighten up; last week, in response, Chase Manhattan Bank raised its prime rate on business loans a quarter point, to 8¼%. Democratic Economist Otto Eckstein says that a $25 billion tax cut would be "guaranteed to fail" if it leads to a tighter money policy. He favors both delaying the cut until Jan. 1 and shrinking it to $20 billion...
...vouchers might have to be worth well over $1. Says Feldstein: "We've got to get the effective cost of hiring those people down to $1 or $1.25 an hour." He thinks a voucher system, or some similar device, is necessary in order to make politically acceptable the tighter money and tougher fiscal policies that can reduce inflation...
...published in May by Grosset & Dunlap. The Times Syndicate also has Nixon in tow; and reports that it has signed some 50 publications in the U.S. and abroad. So far, none have backed out as a result of the Haldeman fiasco. Though security precautions are said to be even tighter than for, the Haldeman book, New York magazine last week disclosed Nixon's opening sentence ("I was born in the house my father built...