Wednesday, October 10, 2012

UK needs to face up to limits of monetary policy

Governor King suggests an end to inflation targeting

Sir Mervyn King, the Governor of the Bank of England has suggested in a speech that the central bank could drop inflation targeting from being the central focus of monetary policy.

Posted by ben @ 09:47 AM (1329 views)
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2 thoughts on “UK needs to face up to limits of monetary policy

  • King decides to drop his mandate to slow boil the slaves. Of course, the central bank claims to attempt to control inflation with one hand whilst it brings it on with the other. Infact, the role of a central bank is the inflate the currency, to fund government and corporate largess, at the expense of we the people.

    Henry Hazlitt (1964)

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