published on: BBC News
The governor of the Bank of England says it's been a nice decade, but is niceness really something to strive for, asks Julian Joyce, in the first of a series of articles about changing times.
The last 10 years have been a "nice" decade, according to Bank of England governor Mervyn King.
He was of course using the word in an acronymous and strictly economic sense, a shortening of Non-Inflationary Consistent Expansion. But the choice of this acronym was deliberate, carrying an undertone related to something more than inflation.