It’s rather shocking to see a banker openly defy a head of government in this manner:
The Governor of the Bank of England last night issued an extraordinary warning to Theresa May to stop telling him how to do his job. In an unprecedented intervention, Mark Carney hit back angrily at the Prime Minister’s claim this month that his policies had damaged the interests of savers, pensioners and the young. And he stressed he would resist any interference from Mrs May in setting interest rates or monetary policy.
‘Politicians have done a very good job of setting up the system,’ he said. ‘Where it can be difficult sometimes is if there are political comments on our policies as opposed to political comments on our objectives. ‘The objectives are what are set by the politicians. The policies are done by technocrats. We are not going to take instruction on our policies from the political side.’
The bankers are not going to take instruction from the political side? I would expect they’re going to find out pretty soon that the people are not going to take much more of this devastating rule-by-banker, given how destructive their policies that relentlessly favor the .01 percent are to everyone else.