Part 4/10:
Andrew Bailey, the current governor of the Bank of England, epitomizes the disconnect between central banks and average citizens. His commitment to cutting interest rates, despite rising living costs, highlights a fundamental misunderstanding—or worse, an intentional ignorance—of the current inflationary reality. While Bailey enjoys a significant salary and a comfortable lifestyle, ordinary citizens are being squeezed by the relentless rise in prices for essential goods like housing, food, and transportation.