Mervyn King has a guru according to The Times

There is an interesting article by two economics professors from Boston University which sets out A Banking System we Can Trust.

The Times published a story about one of these professors who has supposedly become a guru for Mervyn King. That’s where I’d like to know whether they also talk about “credit money” in general and quantitative easing as the way of central banks supplying banks with credit money.

For that’s what a guru would propose. Because a guru has spiritual wisdom to offer that is inherently of benefit to mankind.

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