What he was surprised to hear - among the endless charges laid at the door of Dominic Grieve was that this was inappropriate behaviour for a man who intended to be Home Secretary:-
"In a year or so"
Somewhere on the curve from deflation to hyper-inflation, with the money presses rolling at full pelt, there is a moment when the figures all look as though they are on target. 5% inflation becomes 2% inflation, but the public can't see that the money is all freshly printed because (as Guido rightly points out) they have slipped a clause into the banking bill to hide it. Unemployment is bad, but not as bad as it will become.
Are Labour going to sell us a 2009 Green shoots election?