Nigel Lawson Quote

The acid test of monetary policy is its record in reducing inflation. Those who wish to join the debate about the intricacies of different measures of money and the implications they may have for the future are welcome to do so. But at the end of the day the position is clear and unambiguous. The inflation rate is judge and jury.


Mansion House Speech (17 October, 1985).


The acid test of monetary policy is its record in reducing inflation. Those who wish to join the debate about the intricacies of different measures...

The acid test of monetary policy is its record in reducing inflation. Those who wish to join the debate about the intricacies of different measures...

The acid test of monetary policy is its record in reducing inflation. Those who wish to join the debate about the intricacies of different measures...

The acid test of monetary policy is its record in reducing inflation. Those who wish to join the debate about the intricacies of different measures...