“The acid test of monetary policy is its record in reducing inflation. Those who wish to join the debate about the intricacies of different measures of money and the implications they may have for the future are welcome to do so. But at the end of the day the position is clear and unambiguous. The inflation rate is judge and jury.”

—  Nigel Lawson

Mansion House Speech (17 October 1985), quoted in The View from No. 11: Memoirs of a Tory Radical (London: Bantam, 1992), pp. 480-481.

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Nigel Lawson 22
British Conservative politician and journalist 1932

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