Editor’s Note: In light of Steve being re-elected to the Treasury Select Committee here is a short compilation of some of last year’s highlights. Thank you to Youtube Channel TheSyndicate07 for uploading the following videos of Steve on the Treasury Select Committee last year.
1) The homogeneity of capital and the necessary re-balancing of the economy, which will not take place as long as interest rates are distorted.
2) The BIS report last year, which pointed out the distortions caused by loose monetary policy. Governor Carney says the report was made “in a vacuum” which is “not accountable to Parliament”.
3) The financial crisis has had a permanent effect on the economy. Productivity is analysed, including the capital structure.