Tag Archives: Dives Straight Into Monetarist Loony Bin

Mish/ Mike Shedlock – Mark Carney, Incoming Governor Of The Bank Of England, Dives Straight Into Monetarist Loony Bin – 12 December 2012

mish-image-15%Mark Carney, Bank of Canada governor and surprise pick to replace Mervyn King as incoming governor of the Bank of England, dove straight into the monetarist looney bin today with policy proposals.
The Telegraph reports Mark Carney hints at need for radical action to boost ailing economies

Mr Carney, the current Bank of Canada governor who takes over from Sir Mervyn King next June, said central bankers should consider committing to low interest rates until inflation and unemployment met “precise numerical thresholds”, or even changing “the policy framework itself” to stimulate a desperately weak economy. Continue reading