Economy: Alan Walters diary [lunch with US correspondents; dinner with BoE governor, argued against fiscal stimulus][released 2012]
| Document type: | Declassified documents |
|---|---|
| Source: | Walters MSS (Churchill Archives Centre): WTRS3/1/2 |
| Editorial comments: | Read other entries from this diary. View all Walters documents. The original diary can be studied here |
| Importance ranking: | Major |
| Word count: | 166 |
| Themes: | Monetary policy |
Wednesday 27th October 1982
MS
- only reservation was using IDA for pressure on India
Lunch with US correspondents - very patchy lot especially new Wash Post man + Newsweek Chap - wanted to know when there will be an election, what is in her mind etc.
Lord Lloyd - about free trade in technology - put him on to Helen Wallis
Ralph H
- he can manage if DM 4.00=£1 but not at 4.3 - I made sense to him with expl of low DM.
Dinner at B/E Gvr
Argued powerfully against fiscal monetary stimulus
- man from Mars, large investment in labour
Saving tech + 3.3mn unemployed
Eddie George - tells me he does not agree with many in B/E who see the job as expanding demand increasing output etc. B/E should be primarily the Guardian of the currency.