Word: undernourishment
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...board of late has been trying gradually to reduce the rate of growth in money supply in order to "undernourish" inflation, as Burns once put it. It has not had much success; the basic money supply during 1977 grew by about 7.4%, beyond Burns' target range of 4% to 6½%. That bothers conservatives, who want slower growth. But the board's efforts to throttle back have pushed up interest rates sharply. For example, the rate on "Fed funds"-overnight loans from one bank to another-rose two full percentage points during 1977, to 6.65%. Liberals like Presidential...
...step with the Administration's current desire to push the economy ahead at a faster pace. Burns, of course, wields great independent power over the nation's money supply; last week he reaffirmed his determination, despite Administration criticism, to throttle back money growth in order to "undernourish" inflation...
...deep animus toward "athletic bastards who stick together," see Bouton, Meggyesy, et al. And as for my hatred of those teachers who overinstruct but undernourish, yelling "digression!" in Oral Expression every time a student gets interesting, the romantic critiques of Kozol and Herndon have left me winded...
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