On Sunday Andrew Bailey, the Governor of the Bank of England said that the Bank would not undertake direct monetary funding (DMF) of government spending. As I pointed out at the time, that implied he really believed that the Bank of England is really independent of the government, which happens to own it, when as I […]
source https://thebtrader.com/2020/04/09/andrew-bailey-and-the-fridge/?utm_source=rss&utm_medium=rss&utm_campaign=andrew-bailey-and-the-fridge
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