Thursday, January 28, 2010
Everyone needs a guru, even the Governor of the Bank of England. When Mervyn King mentioned him by name three times during evidence on the future of Britainâ€™s banking sector, MPs were left scratching their heads over the identity of a little-known American economist who, it appears, has been bending the Governorâ€™s ear. â€œMervyn is an old buddy. I think he is the finest central banker in the history of the Bank of England. He has more courage than any other governor.