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1981 Feb 12 Th
Archive (Walters MSS)

Economy: Alan Walters diary (budget) [Niehans seminar - none disagreed with analysis] [released 2012]

Document type: Declassified documents
Source: Walters MSS (Churchill Archives Centre): WTRS 3/1/1
Editorial comments: Walters wrote this entry in the 26th February slot, but corrected it to the 12th. Read other entries from this diary. View all Walters documents. The original diary can be studied here
Importance ranking: Major
Word count: 79
Themes: Monetary policy

Thursday 26th February 1981

12 Thursday

Niehans seminar - very useful discussion. No-one seriously disagreed with analysis - although Patrick Minford thought that goods and factor markets reacted much faster than JN [John Nott] had supposed. Sam Brittan hostile because he said a monetary expansion would always be interpreted in Britain as permanent - though he gave no evidence. Suspect that Sam is jealous because he did not see the points himself. Anthony Harris (not there) says he knew it all along.