Word: dollarization
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Dates: during 1980-1989
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...muster support for anything. They backed a plan almost identical to the President's, and failed. It's not the ingredients, it's what's on the label, and if Reagan went on T.V. tomorrow and said an integral part of his plan required Americans to mail ten dollar bills to Exxon's U.S. headquarters, well, the mail sacks would be heavy in Houston the next...
...reduction of the maximum individual tax rate from 70 per cent to 50 per cent. A person in the highest tax bracket now keeps only 30 cents out of every dollar he earns, so if he gives a dollar to Harvard--a non-taxable contribution--he "loses" only that 30 cents...
With the tax cut, the same person will keep 50 cents for every dollar earned, thus the "cost" of giving a dollar to Harvard rises from 30 cents to 50 cents. "Studies indicate that charitable givers are very sensitive to the tax price, or cost, of giving, and the changes should have fairly important results for universities." Alan J. Auerbach, assistant professor of Economics and an expert on tax policy, said...
...thing straight. We were demonstrating against the paranoid politicians in Washington, B.C., who, at the wave of a red flag or a dollar sign, put our youth as sitting ducks into an impossible situation in Viet...
...real interest rates since the birth of Christ." An economist by training and West Germany's onetime Finance Minister, Schmidt insisted that American interest rates had forced Western European countries to raise their own rates in order to keep their currencies from falling even farther behind the rising dollar. The result, he said, was declining business investment, rising unemployment and soaring oil prices, which are tied to dollars...