Word: manipulatesâ
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Dates: during 1979-1979
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...control the availability of credit, as opposed to just its cost. After a full decade of high inflation, economists are pretty much agreed that the levers that have traditionally been used to control the flow of money into the economy?namely, the key interest rates that the Fed manipulates???have failed. This is in large part because the traditional concepts of money itself are outdated...
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