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| The New Dictionary of Cultural Literacy, Third Edition. 2002. |
| easy-money policy |
| A policy by which a central monetary authority, such as the Federal Reserve System, seeks to make money plentiful and available at low interest rates. (Compare tight-money policy.) | 1 |
| ‡ An easy-money policy is often pursued to encourage investment and economic growth. It can lead to inflation, however. | 2 |
| The New Dictionary of Cultural Literacy, Third Edition. Edited by E.D. Hirsch, Jr., Joseph F. Kett, and James Trefil. Copyright © 2002 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. |
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