Word: overexpanding
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...plots, however hot and basic the emotions that drive them. But that's a virtue these days. A lot of directors are drawn to the classic genres, but few of them seem to have any real confidence in their strengths. Their tendency is to overheat, and in the process overexpand, these projects. Dahl lets his loony material speak for itself. He understands that overdirecting is like overacting; it pushes us away instead of drawing...
...Burns friend, John Whitehead, senior partner at the Goldman, Sachs investment banking house: "He lives in a political world. He realizes that as head of the Fed he cannot operate in a vacuum." Indeed, Burns has been accused of playing politics-especially of allowing the money supply to overexpand in 1972 to spur the economy and thus ensure the re-election of Nixon. Burns calls the charge ridiculous...
...consumer credit curbs might have to be imposed, warned Fed Vice Chairman C. Canby Balderston in Manhattan, if auto and mortgage credit are "radically" loosened. Balderston placed part of the blame for the recession on the $5.5 billion credit expansion in 1955, which, he said, caused companies to overexpand. He said that the danger of another credit burst "might create a widespread public demand for consumer credit controls as an alternative to enhanced cyclical fluctuations or to an increased degree of general credit restraint...
Opinion definitely divided on the touchy question of gold. Some termed the White plan "sounder," pointed out that, since the bancor is nonconvertible to gold, the Keynes Clearing Union might overexpand credit. Keynes himself terms his plan "expansionist," but points out that the risks of deflation (such as was experienced in the '30s) are just as great...
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