On averages, inequality, energy prices, global warming and the paradox of policy
In January 2009 Sir Mervyn King, former Governor of the Bank of England, made a speech at a CBI dinner in Nottingham in which he discussed “the paradox of policy”. This speech was delivered at a time of was frenzied speculation and high anxiety over how policy makers were responding to the global financial crisis. He said: “This is the paradox of policy at present – almost any policy measure that is desirable now appears diametrically opposite to the direction…