David “Danny” Blanchflower will be stepping down from the Monetary Policy Committee next year.  I have sung his praises elsewhere and, of course, since the crash he has taken on the aura of a latter day prophet.  It’s a shame that the MPC will be losing the one member who saw it all coming.  But it’s also a pity, should one be fond of mischief, to miss the squirming that would have occurred over his reappointment to the MPC.  Blanchflower may have got it right but he wasn’t exactly coy about his view that everyone else was getting it wrong.  The Bank would almost certainly have had to accept his reappointment but through teeth gritted to the point of breaking.

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