SaveOurSavers are celebrating 15 years of the Monetary Policy Committee with the following video. It’s rather too harsh on the Governor: effective central planning of the price of money is just as impossible as the planning of other prices and surely more counterproductive. That is, the Monetary Policy Committee are trying to do something which cannot be done.
The video below from Dominic Frisby goes to the heart of the matter: our system of inflationary money which is loaned into existence and which fundamentally created this crisis and all the misery and injustice which goes with it, including an arbitrary redistribution of wealth. A shorter version will appear in the controversial film Four Horsemen:
For more, please see my page on injustice in the financial system.
Tags: Bank of England, economics, Inflation, Monetary Policy, Money, SaveOurSavers, Video