Abstract: An improved bushing assembly comprising an inner bushing having an outwardly-facing frusto-conical surface, an outwardly-facing threaded surface, and an inwardly-facing cylindrical surface adapted to engage a shaft, an outer bushing having first and second bushing bearing surfaces and an inwardly-facing frusto-conical surface in sliding engagement with the outwardly-facing frusto-conical surface of the inner bushing, a nut having an inwardly-facing threaded surface in mating engagement with the outwardly-facing threaded surface of the inner bushing and first and second nut bearing surfaces radially overlapping the first and second bushing bearing surfaces of the outer bushing, whereby rotation of the nut in first and second rotational directions relative to the inner bushing moves the outer bushing in first and second axially directions to operatively tighten or untighten, respectively, the inner bushing around the shaft.