蝌蚪网

This website uses cookies.

By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device to enhance site navigation and analyze site performance and traffic. For more information on our use of cookies, please see our Privacy Policy.

  1. Home
  2. 蝌蚪网
  3. Journal of Economic Perspectives
  4. Fall 2006
  5. How Richard Nixon Pressured Arthur Burns: Evidence from the Nixon Tapes

Journal of Economic Perspectives

ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)

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

  • Burton A. Abrams
Journal of Economic Perspectives
vol. 20, no. 4, Fall 2006
(pp. 177–188)
Download Full Text PDF
(Complimentary)

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.

Citation

Abrams, Burton, A. 2006. "How Richard Nixon Pressured Arthur Burns: Evidence from the Nixon Tapes." Journal of Economic Perspectives 20 (4): 177–188. DOI: 10.1257/jep.20.4.177

JEL Classification

  • B22 History of Economic Thought: Macroeconomics
  • E52 Monetary Policy