[Newsflash] 10th Jan 2010:
Central Bank to release testimony of Chairman on “the central bank’s strategy for ending its policy of low interest rates”.
Rather than a Benny B. at the Central Bank and a Timmy G. at the Treasury, perhaps some old-school and real thinking men are needed at the printing presses (or in those days, printing mills):
John Locke — philosopher and secretary to the Chancellor of the Exchequer (Lord Ashley), secretary/commissioner of the Board of Trade, adviser to the Great Recoinage of 1696;
Issac Newton — mathematician and Master/Warden of the Royal Mint, who enforced the Great Recoinage of 1696.
Locke apparently wrote quite a fair bit on money, including, “Some of the consequences that are like to follow upon lessening of interest to 4 per cent (1668)”.
And the Great Recoinage of 1696 itself, with Locke’s role in it.