At the same time, an easy money policy, however necessary and welcome, won't remedy the structural imbalances produced by the bubble.
The central bank has promised to retain its easy money policy until there are signs that the country's long battle with deflation will end.
As Chancellor, he pushed his cheap money policy too hard, and mishandled the sterling crisis of 1947.
It supported "sound money" policies (against free silver) in the 1896 election.
Its tight money policy further crippled the country's ability to finance its economic and social programs.
This dispute later showed a bitter fight over the money policy that would fight the Republic and cause disagreement until the century's end.
"On that and a few other things, from tariffs to the money policy, I should imagine."
"So long as we continue with a tight money policy, we can achieve our objectives."
But they also need to give up easy money policies.
Commodities are priced in $ so changing £ money policy isn't going to affect them all that much is it?