How Richard Nixon Pressured Arthur Burns: Evidence from the Nixon Tapes
AbstractEvidence 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.
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Bibliographic InfoPaper provided by University of Delaware, Department of Economics in its series Working Papers with number 06-04.
Length: 27 pages
Date of creation: 2006
Date of revision:
Publication status: Published in Journal of Economic Perspectives, Vol. 20, No. 4, Fall, 2006
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Web page: http://www.lerner.udel.edu/departments/economics/department-economics/
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Other versions of this item:
- Burton A. Abrams, 2006. "How Richard Nixon Pressured Arthur Burns: Evidence from the Nixon Tapes," Journal of Economic Perspectives, American Economic Association, vol. 20(4), pages 177-188, Fall.
- NEP-ALL-2007-04-21 (All new papers)
- NEP-CBA-2007-04-21 (Central Banking)
- NEP-HIS-2007-04-21 (Business, Economic & Financial History)
- NEP-HPE-2007-04-21 (History & Philosophy of Economics)
- NEP-MON-2007-04-21 (Monetary Economics)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
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