Hello! This morning I’m going to talk about money. This should be a routine topic for a central banker, particularly one whose job title includes the word “monetary”. It’s nonetheless ground on which one treads with a bit of trepidation. That’s partly because some of the big questions involved – what money is, why it exists, how and by whom its supply should be governed – seem to evoke very strong opinions. Even the great economist John Hicks, formerly of the LSE, confessed in the 1930s to some nervousness about expressing his views about the matter: “It is with peculiar diffidence and even apprehension that one ... (full story)