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    I disagreed with him back in 1982 when he, along with over 300 other economists, wrote to the Times attacking Geofrey Howe's budget. he was proved wrong then by events and I was right....

    But today I see nothing really to disagree with him on. What I disagree with is the left wing silliness in the comments coming from you and PaulB. The Bank of England should never have been removed from its oversight of the banks by Brown in 1997. They were left free to do what they wanted actively encouraged by Brown so as soon as the cyclical slowdown started their exposure to the US turned a problem into a real crisis.

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