Mr. David Begg:

Well, you could separate them operationally in the sense that I wouldn't report back. That simply wasn't acceptable. That was, you know, something that was covered by the confidentiality rules of the legislation governing the bank. But in terms of my values or my belief system, I think I've made it quite clear that I brought that to my work in the Central Bank. And I did say in my evidence, even this morning, that there was some tension between, you know, what I believed in and the prevailing orthodoxy of the time. I mean, the prevailing orthodoxy was one located in the context of the Great Moderation and a belief in new macroeconomic management and efficient market hypothesis. I, on the other stand, was broadly a Keynesian, and there was ... these were two separate paradigms, and they did come into tension from time to time and, you know, that was ... that happened at the board of the bank. I said what I thought, other people said what they thought and we didn't agree always, but, you know, that's not unusual.