The context of the comment, and not needless as editorialised by The Spectator, is the recent pandemic. > Governments stepped in and put in a lot of money for

The context of the comment, and not needless as editorialised by The Spectator, is the recent pandemic. > Governments stepped in and put in a lot of money for furlough schemes or raising unemployment benefits. That was very sensible,’ he said. ‘The problem was that central banks also printed a great deal of money and that wasn’t needed… it put a lot of money into the system.’ Not the massive post 2008 QE, or what preceded and caused that, King was governor from 2003 to 2013, not a comment on that.