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How Richard Nixon Pressured Arthur Burns: Evidence from the Nixon Tapes

Burton Abrams ()

No 06-04, Working Papers from University of Delaware, Department of Economics

Abstract: Evidence from the Nixon tapes, now available to researchers, shows that President Richard Nixon pressured the chairman of the Federal Reserve, Arthur Burns, to engage in expansionary monetary policies in the run up to the 1972 election. This paper quotes the relevant conversations from the Nixon tapes. Questions remain as to whether Burns followed an expansionary policy in an already-inflationary environment out of conviction or because of political pressure.

New Economics Papers: this item is included in nep-cba, nep-his, nep-hpe and nep-mon
Date: 2006
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Published in Journal of Economic Perspectives, Vol. 20, No. 4, Fall, 2006

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