Using a feedback loop it is possible to reduce the fluctuations in one quad
rature of an in-loop field without increasing the fluctuations in the other
. This effect has been known for a long time, and has recently been called
'squashing' (Buchler et al 1999 Opt. Lett. 24 259), as opposed to the 'sque
ezing' of a free field in which the conjugate fluctuations are increased. I
n this paper I present a general theory of squashing, including simultaneou
s squashing of both quadratures and simultaneous squeezing and squashing. I
show that a two-level atom coupled to the in-loop light feels the effect o
f the fluctuations as calculated by the theory. In the ideal limit of light
squeezed in one quadrature and squashed in the other, the atomic decay can
be completely suppressed.