In a response to your maiden speech in 1987, Ron Leighton said:

''We have just heard an extremely elegant speech from the hon. Member for Wokingham (Mr. Redwood). His reputation preceded him to the House. We all know of him as one of the major thinkers of the Conservative party. I believe that he invented monetarism. I believe that he is a true believer and a high priest of the monetarism theory.''

If you are a true monetarist, surely you would support QE which is designed to increase the money supply. Japan tried it for 10 years without stimulating any inflation whatsoever. Although I believe inflation is a problem, I don't believe there are many core inflationary pressures within the British economy. Friedmanite monetarist theory showed a 33% drop in M3 contributed to the Great Depression. The Bank of England needs to do everything to stimulate M4 growth now beceause if it dosen't, the British economy will collapse as we financially starve to death through lack of money and credit