Calamity Carney’s speech on Monday was in Liverpool and was called “The Spectre of Monetarism”. He said that in the middle of the 19th century, “Karl Marx was scribbling in the British Library, warning of a spectre haunting Europe, the spectre of communism”. The communists were there to put down the people they identified as villains, the capitalists. In his mind, at the present time, some unspecified parties (Trumpists?) have identified central bankers as the villains who are ruining society. So maybe his paper should have been called “The Spectre of Trumpism”. This would have been too political a title for a central bank governor, but then so was "Dutch Disease" and he got away with that one. The title he did choose ruined the analogy he was seeking to establish.