Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear.
Gavyn DaviesThere is an honourable tradition in British public life that those charged with authority at the top of an organisation should accept responsibility for what happens in that organisation. I am therefore writing to the prime minister today to tender my resignation as chairman of the BBC.
Gavyn DaviesIt was an interesting question as to whether the BBC had a future in the digital world, and what form of market failure could justify the licence fee system.
Gavyn DaviesWithout the BBC, the proliferation of television and radio channels by the private sector would simply result in more and more channels, with tiny audiences, all seeking to do the same thing. The future would be one of fragmentation - fragmentation without either plurality or diversity.
Gavyn Davies