Old School Money Men: John Locke & Issac Newton

[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.


One thought on “Old School Money Men: John Locke & Issac Newton

  1. Addendum to post above, at this time-stamp.

    [After reading what I could on Locke’s views, am awaiting Benny B.’s testimony for some possible comparison.]

    But wait, am supposed to be on holiday…

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