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You may also choose to tighten up your spending habits simply to get out of debt or to save more for retirement.

With the big exception of the European Central Bank, most have repeatedly postponed the moment at which monetary policy is tightened.

Firms on a tighter budget can opt for a bare bones system with a camcorder and off-the-shelf software.

The worst of the credit squeeze this year has compelled at least a few business people to flee the country or even commit suicide.

It also likely meant that monetary and fiscal policies will be tightened less than had been anticipated earlier, some said.

Back in the Great Depression, Washington tightened its belt with disastrous results.

As Seoul tightens its grip on cyberspace, Koryo's website has not been the only victim.

The danger with such a strategy is that once a deflationary psychology sets in, it's difficult to turn things around.

You could argue that as the economy expands it has become progressively harder to tighten policy.