Archive (Walters MSS)

Economy: Alan Walters diary (budget) [Chequers - argued about Monetary Base Control][released 2012]

Document type: Declassified documents
Source: Walters MSS (Churchill Archives Centre): WTRS 3/1/1
Editorial comments: Read other entries from this diary. View all Walters documents. The original diary can be studied here
Importance ranking: Major
Word count: 58
Themes: Monetary policy, Public spending & borrowing

Friday 29th May 1981


10.00 - Gathering - [Different pen used from this point] Nuffield College

Checkers [sic: ?Chequers] - argued about MBC [Monetary Base Control] - mainly that (a) it can be controlled (b) it would free our funding policy (we could sell anything to anyone and could follow a minimum cost rule)

Arthur Seldon Dinner