The facts weigh against Mervyn King, the Bank of England governor who last year received a knighthood: During his tenure there was the first run on a British bank in some 200 years. Inflation has been above target for more than two years. The UK economy has barely grown even after King has signed off £275 billion in quantitative easing (QE). And loose monetary policy both here and in the US – led by King on this side of the Atlantic – was at least partly responsible for the credit crunch and subsequent long economic slump. Edwards, often described as an ‘uber-bear’ for his doom-laden economic views, reckons Fred ... (full story)