Are We Fully Enabling Monetary Policy Again?

After the seventies we fully embrace monetary policy again, ait cand of hat echoes of the twenties. After 20 ten governments everywhere start to panic. People like bill gross put out his bed of nitroglycerine comment about u k, gilts. And, you know, governments worry about turning into gree and t we have, we have a decade of austerity. Kn, can i interrupt there, because you sa, great stories. Hafe, been actually a er. I guess you weren't at the treasury at this point when bill gars mad this cuit? So then we move into this kind of bizarro world where fiscal policy is completely discredited.