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He said the decision would be studied by other states "just to see what people do with tight money."
Tight money notwithstanding, a number of new restaurants are in the works.
Tight money is unlikely to keep costs like college tuition and health care under control, he said.
How can you justify using very tight money in a public situation for such small pockets of people?
In the same speech he used a striking illustration to explain what tight money was all about.
Tighter money would push interest rates up even further, increasing financial distress.
But it may be too late, because businesses are becoming increasingly frustrated with the tight money situation at most banks, he said.
"So long as we continue with a tight money policy, we can achieve our objectives."
And traders concluded that the Fed was less likely to continue its policy of tight money beyond perhaps one more increase in short-term rates.
The combination of tight money and high debt is causing more than token distress.
Its tight money policy further crippled the country's ability to finance its economic and social programs.
But higher gas prices and tighter money may get in the way for both bands and fans.
Tight Money The most devastating blow was the loss of easy credit from foreign banks.
The whiff of tighter money pushed currency markets into turmoil last week.
Today's tight money is in dramatic contrast to the atmosphere during most of the 1980's, when lenders often pursued developers.
It was like a rush of water to a parched field, ending two years of tight money.
Japan's tight money means that the yield on capital in Japan is close to zero, and the private sector can't invest if there's no return.
He favored foreign aid and fought tight money.
In the extra months of tight money and negative economic growth, inflationary expectations certainly were squelched.
The Bank of Japan thinks the answer is: a lot, implying strong investment, few sales and tight money.
Fears that a tighter money supply would further strangle Europe's growth have so far acted as a check on the bank.
Everything went wrongþunwise investments, a glutted market, high lending rates, tight money.
Policy Firming We will never hear the words "tight money" pass our central bankers' lips.
This tight money policy created financial difficulties in the colonies, where gold and silver were in short supply.
In days of tight money and high-priced air tickets, it is a topic of intense interest.