Mervyn King was Governor of the Bank of England from 2003 to 2013. He is the author of The End of Alchemy (2016) and (with John Kay) Radical Uncertainty (2020).
To Windsor for Garter Day, the first since 2019. With a strong voice and smiles for us all, the Queen presided over the investiture of three new Knights – Tony Blair, Baroness Amos and, as a Royal Lady of the Order, the Duchess of Cornwall – in the small Throne Room. After luncheon with the
If you can’t explain something, try an abbreviation. The latest in economics is MMT — Modern Monetary Theory or, in other words, a magic money tree. It’s a simple idea. It costs almost nothing to print money: the cost of printing banknotes is negligible compared with their face value, and even lower when the Bank
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Fraser Nelson talks to Mervyn King about the limits of economics, where the number crunching in 2016 went wrong, and the sort of Brexit we should have.
We asked friends of The Spectator which picture they’d choose to own. Here is Mervyn King’s response: In the centre of our drawing-room, I would install the ‘Wilton Diptych’. From the Middle Ages, it shows Richard II being presented to the Virgin and Child. We do not know who painted it, or why, and the
If as a country we cannot take a big decision about whether or not we should be in the European Union, which is based on sovereignty, which is based on controlling our borders; there are arguments on both sides. We ought to be able to have a reasonable and civilised debate on that, and then
This piece first appeared in the Christmas issue of The Spectator. Hamilton, created by the remarkable Lin-Manuel Miranda, has brought the financial musical to the London stage: a serious biography of a great man translated into rap. What comes next? Now we know. It is the story not of one individual but of a national
Hamilton, created by the remarkable Lin-Manuel Miranda, has brought the financial musical to the London stage: a serious biography of a great man translated into rap. What comes next? Now we know. It is the story not of one individual but of a national institution — the life and times of the Bank of England.
