Publication - The Spectre of Monetarism - Speech given by Mark Carney Governor of the Bank of England - Roscoe Lecture - Liverpool John Moores University - 5 December 2016
Real incomes falling for a decade. The legacy of a searing financial crisis weighing on confidence and growth. The very nature of work disrupted by a technological revolution. This was the middle of the 19th century. Liverpool was in the midst of a golden age; its Custom House was the national Exchequer’s biggest source of revenue. And Karl Marx was scribbling in the British Library, warning of a spectre haunting Europe, the spectre of communism.