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Tag Archives: mervyn
Mervyn King and the Suicidal Monetary Policy ™
It’s interesting to see people run headfirst into an explosion, when everyone is telling them to turn around. The UK economy is going to be trashed to a bloody mess by low interest rates (which will become extra-ordinary high interest rates … Continue reading
Mervyn King : The economy is living artificial stimulus
King told the panel at his last appearance in November that inflation, which has exceeded the government’s 3 percent limit for 10 months, will remain “elevated for another year or so,” though taking “strong action” risked destabilizing the economy. He … Continue reading
