Monetary policy in the US has tightened, inadvertently, but with potentially dire consequences for the economy, employment and the stock market. The source of tight money is a failure of the Fed to act in the face of a surge in the demand for dollars as individuals and corporations shift money balances out of the euro and into the dollar.Read More
Charles W Kadlec
I am relieved to see that the US Federal Reserve's tight money policies are now being increasingly challenged by some in the media.
Source: Kadlec, C (2012, June 11), Tight Money Threatens The Economic Outlook, Forbes.