James Ferguson (MacroStrategy) "Is the Bank of England still fit for purpose?"

James Ferguson discusses the track record of the Bank of England on inflation since the Covid-19 pandemic. He presents a scathing critique of the poor catalogue of theories and facts given by policymakers as to why UK inflation hit a 40 year high, and suggests the failure to include monetary aggregates in decision making lies at the heart of the problem.
From the third session of the 2023 IIMR Monetary Conference, covering the topic 'Rethinking the monetary policy framework'.
The IIMR Annual Monetary Conference 'What is the best monetary regime?' was held at the University of Buckingham, October 18th, 2023.

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You need a good captain of the ship especially BOE