In defence of Mark Carney
In the last few weeks a number of politicians and right-wing commentators have attacked Mark Carney, Governor of the Bank of England, either for his conduct during the referendum campaign or for the policies he has overseen while at the Bank.
These attacks are misguided. There is an important debate to be had about the nature of central bank policy in Britain and elsewhere – indeed, a debate about the very existence of central banks – but, with some notable exceptions, few of Carney’s critics seem to be aware of it.