22 December 2009

Fantasy economics

Nobody loves them but they are simply unaware. The Scotsman reports:
In a letter responding to the Liberal Democrats in Scotland Mervyn King says if [an independent] Scotland kept the pound, the bank's monetary policy committee may set rates with no input from north of the order. The Liberal Democrats initiated the correspondence.
Like, at present, the Bank's MPC gives two hoots about any developments whatsoever outside London.

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