Paul Tucker talks to JS Mill Society
Today saw Paul Tucker, former Deputy Governor of the Bank of England, address the JS Mill Society on the role of a central banker in an increasingly globalised world. He made clear that macroeconomic decision making was always fundamentally influenced by, and difficult to disentangle from, international and national political forces.
Tucker was supportive of the decision of Gordon Brown and his American counterparts to bail out the City of London and Wall Street respectively, explaining that this action had, in his opinion, rescued our economy. We were honoured to share his vast knowledge of the Eurozone and hear about an anecdotal disagreement with Mervyn King over the solution for Greek debt and stagnation.
Review by Tristran Pahl, (Lower Sixth)