In the late 1970s he coped with the U.S. balance - of - payments deficit (stemming mainly from
overseas military spending) and consequent the inflationary pressures by raising interest rates to 20 %, thereby plunging stock market and real estate prices.
But after the Korean War broke out, U.S.
overseas military spending accounted for the entire payments deficit during the 1950s and «60s and early «70s, while private - sector trade and investment were exactly in balance.
Overseas military spending obliged the Federal Reserve to raise interest rates to borrow abroad to prevent the dollar's exchange rate from declining.
Not exact matches
Trump typically was short on details of precisely what he has in mind, particularly how much more in federal treasure he is prepared to
spend to destroy terrorists
overseas and at home and to transform what many already consider the most powerful
military machine on earth to an even stronger, more Trumpian - like defense force.
After
spending time teaching for the Department of Defense Schools on
military bases
overseas, Elisha Brookover, Ed.M.»
American Sniper tells the true story of the most lethal sniper in U.S. history as Chris Kyle recounts his time
spent serving in the
military overseas.
While in the
military Bre
spent her first 2 years serving
overseas in the United Kingdom, from where she deployed to Afghanistan in response to Operation Enduring Freedom at the end of 2009.