Word: crediting
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Dates: during 1970-1979
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...announcing two weeks ago an anti-inflation program that did not just raise the discount rate--the Fed's interest rate on money it lends to member banks--but changed the very nature of how the Fed controls the money supply. Instead of trying to curtail the boom in credit by manipulating interest rates, Volcker announced, the Fed would henceforth apply direct controls to the money supply, raising member banks' reserve requirements and using other methods to keep cash out of circulation...
...called for direct control of the money supply for years. But Friedman wrote a week after the program's announcement that the new Fed policy had to be fully carried through or it wouldn't work. In other words, if the policy reduces inflation then the monetarists will take credit, but if it doesn't they can say their ideas failed because Volcker adulterated them...
...Enterprise Co-op you can make pizza, earn money and get high school credit--but you have to drop out first...
...believed that taking them off promoted insomnia-and spitting on the floor even in his cherished laboratories. A picturesque swearer who hired assistants whom George Bernard Shaw called "sensitive, cheerful and profane; liars, braggarts and hustlers." A would-be tycoon so crotchety and bullheaded that he could give little credit to the ideas of others; so inept in business matters that he lost control of the immensely profitable companies he founded. An incurable show-off and self-promoter who circulated so many myths about his personality and accomplishments that 48 years after his death historians are still struggling to separate...
...produce it, he drew on the ideas of others, as he often did, though he gave them no credit. After experimenting with any number of materials, he hit on carbon. He tried to give the impression that he came up with that idea independently. In fact, says Biographer Conot, his laboratory notebooks prove that he read and underlined reports of the experiments of Joseph Swan in England. Swan had invented an electric bulb that used a fine carbon...