Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear.
Without the BBC, the proliferation of television and radio channels by the private sector would simply result in more and more channels, with tiny audiences, all seeking to do the same thing. The future would be one of fragmentation - fragmentation without either plurality or diversity.
As long as the appointment process is transparent and there is a broad mix of political views among the governors of the BBC, I think the public can feel confident that impartiality and independence are just as important to me as they have been to previous incumbents.
