IIMR April 2024 The UK's inflation performance; the Bernanke review of the Bank of England

In this month's video. Tim Congdon, Chairman of the Institute of International Monetary Research, predicts that inflation will fall closer to the Bank of England's target in the next two months. He does not think that either the Bank of England or the UK government will deserve any credit if this happens as the Bank of England's unnecessary asset purchases in 2020 are responsible for the recent high inflation and the Government should not be involved in monetary policy. He also criticises Ben Bernanke's review of the Bank of England's performance because it ignores the quantity of money.

[@alunevans2377]

There are no monetary theorist on the current MPC committee. That's why there is a tendency to ignore money. Money is the economy's fuel

[@Benzknees]

Britain isn't really comparable to Japan, with very differently structured economies, one asset & service sector based trading with similar countries, the other industrially based trading largely with a booming China in this period. The bursting of the artificial UK property bubble ending in the 2008 Crash & the later covid crash caused a large fall in M2. What should the BoE have done to maintain stability & stave off a depression?