And tight money has proved unable to shore up the peso when the world turned nasty.
This is one recession that cannot--a very serious one that cannot--be traced to tight money.
After all, the Great Moderation began with a series of free-market economic reforms tax cuts, deregulation, tight money.
Tight money and hopes of outside reinforcements may indeed keep a floor under Brazil's reserves until the election.
Brazil, meanwhile, is struggling with an economic-policy cocktail that blends a strong currency, loose fiscal policy and tight money.
Shockingly, this has made the Polish economy more resilient than the economies of countries that embraced tight money and austerity.
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An already tight money market was now further strained by the trust companies pulling their cash out of the market.
Nick Gillespie has responded to my previous post about the role of tight money in the sluggish recovery.
But look at medians instead of averages and the results flip-flop to 18.1% for tight money and 12.4% for loose money.
Its true that no one wants their real wage to fall, but tight money will not solve the real wage problem.
Nor is it right to blame tight money for the euro-11's average jobless rate of 11.1%, compared with 4.6% in America.
The deflation of the early 1930s was not caused by tight money.
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Vitter seems to have convinced himself that tight money is connected to fiscal conservatism and loose money is connected to tax-and-spend fiscal policies.
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In the early 1980s, a high exchange rate, the product of tight fiscal policy and tight money, was the agent of recession and unemployment.
Was it because the Poles embraced tight money and balanced budgets?
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But FDR worsened the financial collapse he inherited from Hoover by raising taxes, pursuing a tight money policy and failing to rescind the Smoot-Hawley trade tariffs.
Nobody should underestimate the determination of Brazil's officials to resist devaluation or controls on capital outflows, and their willingness to take the pain of tight money.
In sum, planners are willing to squeeze business and the job market with tight money because the kings of global capital would pull it out of high-inflation countries.
The policy mix could turn out to be as inappropriate and as dangerous as it was in America in the early Reagan years of soaring budget deficits and tight money.
My fear is that they will misinterpret the evidence and attribute high unemployment and the initial decline in prices to tight money, while increasing taxes to combat budget deficits.
WSJ: Arthur B. Laffer: Taxes, Depression, and Our Current Troubles
Bush's political skills will be severely tested from the get-go particularly given the choppy economic waters ahead, thanks to Alan Greenspan's tight money and the failure of Washington to enact meaningful tax cuts.
Tight money ensures that their rents are low.
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No matter the cost: economies were buried in debt as real interest rates soared, millions were thrown out of work from firms strangled by tight money, and price controls kept farmers poor to lavish cheap food on city dwellers.
Russia is on the brink of an immense human disaster, and President Yeltsin's days in office are numbered. n The U.S. The Federal Reserve's inadvertent tight money policy has deepened the global deflation, sending commodity prices crashing across the board.
The Fed is hardly in a position to swing from a tight-money, inflation-fighting stance.
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He allowed tight-money policies to go into effect, cut Federal spending, and attempted to balance the budget.
That allowed Asia to relax tight-money policies, setting the stage for eventual recovery.
America's labour market remains tight and money-supply growth has been worryingly rapid.
With money tight, should we be having a bake sale for private equity firms?
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With money tight, police forces are outsourcing tasks including criminal-case preparation to private firms.
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