One of the mysteries of the English language finally explained.
Money or finance that is available only at high rates of interest.
- ‘The salient point here is that the retrenchment was plainly not forced by tight money or credit.’
- ‘Importantly, the tight money had always created pent-up demand in these three categories, which promptly catapulted the economy upward when monetary policy eased.’
- ‘The phrase ‘solid monetary and fiscal policies’ referred to tight money and federal budget balancing - measures that have long been showered with media praise.’
- ‘Second, most Russians believe that tight money (low inflation, high interest rates) has not worked during the last four years.’
- ‘He argued against such policies as central bank autonomy, tight money, fiscal austerity, and social retrenchment.’
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